The indicated pool adjustment is 24%. The subject is superior, so the comparable is adjusted upward. 24% of $30,000 is $7,200. Which of the following best represents the dollar adjustment described?

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Multiple Choice

The indicated pool adjustment is 24%. The subject is superior, so the comparable is adjusted upward. 24% of $30,000 is $7,200. Which of the following best represents the dollar adjustment described?

Explanation:
When you have a percentage adjustment, you convert it to a dollar amount by multiplying the percentage by the value being adjusted. Here, 24% of $30,000 equals 0.24 × 30,000 = 7,200. Since the subject is superior, you adjust the comparable upward, so the adjustment is +$7,200. Therefore, the dollar adjustment described is $7,200.

When you have a percentage adjustment, you convert it to a dollar amount by multiplying the percentage by the value being adjusted. Here, 24% of $30,000 equals 0.24 × 30,000 = 7,200. Since the subject is superior, you adjust the comparable upward, so the adjustment is +$7,200. Therefore, the dollar adjustment described is $7,200.

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