Real Estate Math
A Connecticut home is listed at $425,000. The seller accepts an offer of 96% of list price. What is the accepted offer price?
A$408,000✓ Correct
B$412,000
C$417,000
D$420,000
Explanation
$425,000 × 0.96 = $408,000. To solve this, multiply the relevant values: $425,000 at 96%.. The correct answer is $408,000.. This is a common calculation on the Connecticut real estate exam.
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