Real Estate Math
An Iowa home is listed at $275,000 and sells for 96% of list price. What is the sale price?
A$264,000✓ Correct
B$270,000
C$268,500
D$280,000
Explanation
Sale Price = List Price x 0.96 = $275,000 x 0.96 = $264,000. To solve this, multiply the relevant values: $275,000 at 96%.. The correct answer is $264,000.. This is a common calculation on the Iowa real estate exam.
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