Real Estate Math
A Delaware property sold for $290,000 and 4% above its listing price. What was the listing price?
A$275,000
B$278,846✓ Correct
C$280,000
D$282,340
Explanation
Sale Price = Listing Price × 1.04. Listing Price = $290,000 ÷ 1.04 = $278,846. To solve this, multiply the relevant values: $290,000 at 4%.. The correct answer is $278,846.. This is a common calculation on the Delaware real estate exam.
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