Real Estate Math
A house in Anchorage lists for $580,000 and sells for 102% of list price after multiple offers. What is the sale price?
A$569,600
B$591,600✓ Correct
C$592,000
D$593,600
Explanation
Sale price = $580,000 × 102% = $580,000 × 1.02 = $591,600. To solve this, multiply the relevant values: $580,000 at 102%.. The correct answer is $591,600.. This is a common calculation on the Alaska real estate exam.
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