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aleksandrvk [35]
3 years ago
15

According to a broker's comparative market analysis (CMA), a property is worth $225,000. The homeowner bought the property for $

190,000 and added $50,000 in improvements, for a total of $240,000. The property sold for $222,500. Which amount represents the property's market price?
Business
1 answer:
SVETLANKA909090 [29]3 years ago
4 0

Answer:

$225,000.-

Explanation:

A Market price is the real price at wich a service or asset can be sold in an open market.

Fullfils an informative function.  It is a good indicator of excess supply or demand

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<h3>What is price discrimination?</h3>

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