The appraised value of a property has increased 233 1/3% since it was purchased by the present

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The appraised value of a property has increased 233 1/3% since it was purchased by the present owner. The purchase price of the property was $120 000, its appraised value at that time.
(a) How much is the current appraised value?
(b) How much would the owner gain by selling at the appraised value?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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