Real Estate Math
A Maine property appraised at $340,000. The owner wants to list it 5% above appraisal. The listing price should be:
A$351,000
B$357,000✓ Correct
C$345,000
D$363,000
Explanation
Listing price = $340,000 × 1.05 = $357,000. To solve this, multiply the relevant values: $340,000 at 5%.. The correct answer is $357,000.. This is a common calculation on the Maine real estate exam.
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