Real Estate Math
A Kentucky buyer offers to purchase a property for $310,000. After negotiations, the sale price is 3.5% below the original asking price. What was the original asking price?
A$319,000
B$321,244✓ Correct
C$322,800
D$325,000
Explanation
Sale price = Asking price × (1 − 0.035). $310,000 = Asking price × 0.965. Asking price = $310,000 ÷ 0.965 = $321,244.
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