Real Estate Math
A Louisiana buyer's agent shows the buyer a property priced at $245,000. The buyer offers 4% below list price. What is the offer price?
A$235,200✓ Correct
B$233,750
C$234,400
D$236,500
Explanation
Offer price = $245,000 × (1 − 0.04) = $245,000 × 0.96 = $235,200. To solve this, multiply the relevant values: $245,000 at 4%.. The correct answer is $235,200.. This is a common calculation on the Louisiana real estate exam.
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