Sally bought a house for $120,000. Five years later she sold the house for $126,000. What is the percent of increase in the value of the house ?
a. 1.05%
b. 4.8%
c. 5%
d. 10%
2006-06-07 07:08:40 · 11 answers · asked by esierrajrd 1 in Science & Mathematics ➔ Mathematics
C. 5%
I think. Because 5% of 120,000 is 6,000, and it went up 6,000 dollars.
2006-06-07 07:10:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
buying price = $ 120, 000
selling price = $ 126, 000
increase in price = $ 126,000 - 120,000 = $ 6 000
percentage increase = (increase in price / initial price) * 100
=(6 000 / 120 000) * 100
=0.05 * 100
= 5 %
Answer = c. 5 %
2006-06-07 07:16:09 · answer #2 · answered by shylady_nuz 3 · 0⤊ 0⤋
5/100 x 120000 = 6000
120000 + 6000= 126 000
answer is c 5%
2006-06-07 07:26:53 · answer #3 · answered by kara 5 · 0⤊ 0⤋
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2016-11-14 08:01:23 · answer #4 · answered by ? 4 · 0⤊ 0⤋
C 5%
The amount of increase is $126k minus $120k so $6,000. Divide that by the original price $120k and you get .05 or 5%.
2006-06-07 07:11:46 · answer #5 · answered by tressa1220 3 · 0⤊ 0⤋
The value of the house is the same. The $6000 went to the realtor...
2006-06-07 07:17:23 · answer #6 · answered by whiteboxpcrepair 1 · 0⤊ 0⤋
a = 120,000
b = 126,000
% increase is b/a * 100
Edit: well.... -100 =P
2006-06-07 07:12:59 · answer #7 · answered by scruffy 5 · 0⤊ 0⤋
where on earth did sally find a house for 120K??
2006-06-07 07:26:01 · answer #8 · answered by whoisgod71 3 · 0⤊ 0⤋
c
2006-06-07 07:16:00 · answer #9 · answered by Saltwater Pirate 3 · 0⤊ 0⤋
c, 120000*.05 = 6000
2006-06-07 07:13:41 · answer #10 · answered by thale138 5 · 0⤊ 0⤋