Annual increase in selling price, Accounting Basics

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Annual increase in selling price

Problem:

Assume that in January 2010, the average house price in a particular area was $278,400. In January 2000, the average price was $195,300.

Required:

Question: What was the annual increase in selling price?

Note: Explain all calculation and formulas.

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Accounting Basics: Annual increase in selling price

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Accounting Basics: Annual increase in selling price

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