Real Estate Math
A Wyoming home's value increases from $280,000 to $308,000. What is the percentage increase?
A8%
B10%✓ Correct
C12%
D28%
Explanation
Percentage increase = (New value - Old value) / Old value x 100 = ($308,000 - $280,000) / $280,000 x 100 = $28,000 / $280,000 x 100 = 10%.
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