Real Estate Math
A Maine buyer makes a $285,000 offer that is 5% below the list price. The list price was:
A$295,000
B$300,000✓ Correct
C$305,000
D$310,000
Explanation
If $285,000 = list price × (1 − 0.05) = list price × 0.95, then list price = $285,000 ÷ 0.95 = $300,000.
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