Real Estate Math
A buyer in Lafayette makes a $15,000 earnest money deposit on a $450,000 purchase. What percentage of the purchase price is the deposit?
A2.5%
B3.0%
C3.3%✓ Correct
D5%
Explanation
Percentage = $15,000 ÷ $450,000 = 0.0333 = 3.
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