Real Estate Math
A buyer pays $350,000 for an Alaska home that was listed at $375,000. The list-price-to-sale-price ratio is approximately:
A87%
B90%
C93%✓ Correct
D97%
Explanation
Ratio = Sale Price ÷ List Price = $350,000 ÷ $375,000 = 0.9333 = approximately 93%. Using the values given ($350,000, $375,000), apply the appropriate formula.. The correct answer is 93%.. This is a common calculation on the Alaska real estate exam.
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