Real Estate Math
A Vermont residential property has 3 bedrooms and sells for $312,000. A comparable 4-bedroom home sells for $338,000. What is the indicated value of the extra bedroom?
A$20,000
B$24,000
C$26,000✓ Correct
D$28,000
Explanation
Value of additional bedroom = $338,000 - $312,000 = $26,000. Using the values given ($312,000, $338,000), apply the appropriate formula..
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