Real Estate Math
A buyer in Alaska makes an offer of $450,000 on a property listed at $475,000. The seller counters at $462,000. The buyer and seller split the difference. The final sale price is:
A$456,000✓ Correct
B$456,500
C$457,500
D$460,000
Explanation
Difference between buyer's offer and seller's counter = $462,000 − $450,000 = $12,000. Half = $6,000. Final price = $450,000 + $6,000 = $456,000.
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