Real Estate Math
An Alaska property is listed for $420,000 and sells for 97% of the list price. What is the sale price?
A$405,000
B$407,400✓ Correct
C$412,600
D$414,960
Explanation
Sale price = $420,000 × 0.97 = $407,400. To solve this, multiply the relevant values: $420,000 at 97%.. The correct answer is $407,400.. This is a common calculation on the Alaska real estate exam.
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