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Pete Jones is adding a fireplace to his home in Boston at a cost of $3,350. Contractors tell him adding the fireplace will return him a 38 percent gain on his investment. By what amount should the value of his home increase?

CAN SOMEONE PLEASE HELP ME WITH THIS PROBLEM PLEASEEEE

Verified Answer :

DaniellePoteat

$3,350 x 38% = $127,300 / 100% = $1,273 < 38% return so it would increase $3,350 + $1,273 = $4,623 value increase

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