Assume that in January 2015, the average house price in a particular area was $268270. In...
Assume that in January 2015, the average house price in a particular area was $268270. In January 2002, the average price was $200994. What was the annual percentage increase in selling price? (as a percentage and round 2 decimal places)
Homework Answers
Increase amount = new price - Original Price = ($268,270 - $200,994) = $67,276.
% increase in Selling Price = (Increase price / original Price) *100
= ($67,276 / $200,994)* 100 = 33.47 %.
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