Real Estate Math
A property sells for $680,000. The selling price is 115% of the original purchase price. What was the original purchase price?
A$680,000✓ Correct
B$578,000
C$600,000
D$612,500
Explanation
Original price = Sale price ÷ 1.15 = $680,000 ÷ 1.15 ≈ $591,304. To solve this, multiply the relevant values: $680,000 at 115%.. The correct answer is $680,000.. This is a common calculation on the Massachusetts real estate exam.
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