Real Estate Math
A Hawaii property was listed for $720,000 and sold after a price reduction of 8%. What was the final sale price?
AA. $662,400✓ Correct
BB. $677,600
CC. $648,000
DD. $662,000
Explanation
$720,000 × (1 - 0.08) = $720,000 × 0.92 = $662,400. To solve this, multiply the relevant values: $720,000 at 8%.. The correct answer is A. $662,400.. This is a common calculation on the Hawaii real estate exam.
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