Real Estate MathQuestion 112 of 120
A home's value increased from $200,000 to $250,000. What is the percentage of increase?
a.50 percent
b.20 percent
c.5 percent
d.25 percent
Explanation
Percentage increase equals the change divided by the original value: ($250,000 - $200,000) / $200,000 = $50,000 / $200,000 = 0.25, or 25 percent. Always divide by the original (starting) amount. The result shows growth relative to the starting value.
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