A comparable sold for $300,000 and carries adjustments of +$12,000, -$5,000, +$3,000 and -$2,000. What is the gross adjustment as a percentage of the sale price?
Correct Answer
B) 7.3%
Why this is correct: Calculation: gross adjustment $22,000 ÷ $300,000 = 7.3%. Why the other choices are wrong: 2.7% is the net adjustment percentage, which can look small on a comparable that needed heavy work in both directions; 0.73% misplaces the decimal; 7.0% rounds away from the figure the arithmetic gives.
Why This Is the Correct Answer
Why this is correct: Calculation: gross adjustment $22,000 ÷ $300,000 = 7.3%. Why the other choices are wrong: 2.7% is the net adjustment percentage, which can look small on a comparable that needed heavy work in both directions; 0.73% misplaces the decimal; 7.0% rounds away from the figure the arithmetic gives.
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