Real Estate Math
A Maryland property is listed for $489,000. After negotiation, it sells for 97% of list price. The sale price is:
A$468,330
B$474,330✓ Correct
C$484,330
D$489,000
Explanation
Sale price = $489,000 × 0.97 = $474,330. To solve this, multiply the relevant values: $489,000 at 97%.. The correct answer is $474,330.. This is a common calculation on the Maryland real estate exam.
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