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Real Estate MathAppreciationMEDIUM

A house sold for $450,000 which was 2% less than the original cost. What was the original cost?

Correct Answer

B) $459,000.00

If sale price is 98% of original: Original = $450,000 ÷ 0.98 = $459,183.67 ≈ $459,000

Answer Options
A
$455,200.00
B
$459,000.00
C
$460,000.00
D
$465,500.00
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Related Topics & Key Terms

Related Topics:

real-estate-math-percentage-calculationsreal-estate-investment-analysisproperty-appreciation-depreciation

Key Terms:

percentage decreaseoriginal costappreciationreverse percentagesale price calculation
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