Real Estate Math
A Connecticut buyer makes an offer of $362,500, which is 3.5% below the list price. What is the list price?
A$375,000✓ Correct
B$376,166
C$370,000
D$380,000
Explanation
If the offer is 3.5% below list price: $362,500 = List × (1 - 0.035) = List × 0.965. List = $362,500 ÷ 0.965 = $375,647.
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