Real Estate Math
A Wisconsin property was purchased for $150,000 five years ago and now sells for $195,000. What is the percentage increase in value?
A25%
B28%
C30%✓ Correct
D33%
Explanation
Increase = ($195,000 − $150,000) ÷ $150,000 = $45,000 ÷ $150,000 = 0.30 = 30%. Using the values given ($150,000, $195,000), apply the appropriate formula.. The correct answer is 30%.. This is a common calculation on the Wisconsin real estate exam.
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