A comparable sold for $268,000 and carries adjustments of +$5,000, +$2,500 and -$1,500. What is the adjusted price?
Correct Answer
B) $274,000
Why this is correct: Calculation: $268,000 + $5,000 + $2,500 - $1,500 = $274,000. Why the other choices are wrong: $277,000 adds all three magnitudes and ignores the negative sign; $259,000 deducts all three; $268,000 leaves the comparable unadjusted.
Why This Is the Correct Answer
Why this is correct: Calculation: $268,000 + $5,000 + $2,500 - $1,500 = $274,000. Why the other choices are wrong: $277,000 adds all three magnitudes and ignores the negative sign; $259,000 deducts all three; $268,000 leaves the comparable unadjusted.
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A comparable sold for $295,000 and carries grid adjustments of +$6,000 for gross living area, -$8,000 for a garage, +$3,000 for site and -$4,000 for condition. What is the adjusted sale price?