cdanj
Junior Member
- Joined
- Nov 19, 2013
- Professional Status
- Certified Residential Appraiser
- State
- New Jersey
That's the math I was getting.199,500 x 1.05 = 209,475 - so yes, you need to divide by 1.05 - it is 5% superior
In reality I'm just trying to grasp it so I can answer a question on the test correctly when I see it instead of doing the same math that apparently makes sense to both of us.