The appraised value of a property has increased 233 1/3% since it was purchased by the present

Question:

The appraised value of a property has increased 233 1/3% since it was purchased by the present owner. The purchase price of the property was $120 000, its appraised value at that time.
(a) How much is the current appraised value?
(b) How much would the owner gain by selling at the appraised value?

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