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?

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?

• A. $7,200
• B. $3,600
• C. $12,000
• D. $24,000

Answer: (A)

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.