Asked by Jenna Garland on Apr 27, 2024
Verified
The Markham Real Estate Board reports that the average selling price of homes last month in the Markham area was $338,500, an increase of 8.7% over the past year. Rounded to the nearest $100, what was the average selling price one year ago?
Average Selling Price
The mean amount of money for which a product is sold in a specific period or marketplace.
Increase
An upward adjustment or growth in size, number, value, or strength.
- Execute a direct comparison of previous and contemporary figures to gauge monetary shifts.
- Apply concepts of percentage change to demographic and economic indicators.
Verified Answer
ZK
Learning Objectives
- Execute a direct comparison of previous and contemporary figures to gauge monetary shifts.
- Apply concepts of percentage change to demographic and economic indicators.