Question

A comparable property price is adjusted to $315,500 from the original selling price of $345,000. What percentage is the adjusted price compared to the original selling price?

Answer 1

91.45%

Step-by-step explanation:

The percentage of the adjusted price compared to the original selling price is determined by dividing the adjusted price by the original price. Since the original price was $345,000 and the adjusted price is $315,500:

`P=(315,500)/(345,000)=0.9145 =91.45\%`

The adjusted price is 91.45% of the original selling price