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Sales ComparisonEASY16.4% of exam

A comparable sold for $296,000 and its adjustments total $44,400 without regard to sign. What is the gross adjustment as a percentage of the sale price?

Correct Answer

D) 15.0%

Why this is correct: Calculation: $44,400 ÷ $296,000 = 15.0%. Why the other choices are wrong: 1.5% misplaces the decimal by a factor of ten; 30.0% doubles the total, as though each adjustment were counted twice; 14.0% does not follow from the two figures given.

Answer Options
A
14.0%
B
1.5%
C
30.0%
D
15.0%

Why This Is the Correct Answer

Why this is correct: Calculation: $44,400 ÷ $296,000 = 15.0%. Why the other choices are wrong: 1.5% misplaces the decimal by a factor of ten; 30.0% doubles the total, as though each adjustment were counted twice; 14.0% does not follow from the two figures given.

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