Real Estate Math
A Michigan property is listed at $340,000 and sells for 97% of the list price. What is the sale price?
A$329,800✓ Correct
B$332,000
C$333,800
D$336,000
Explanation
Sale price = $340,000 × 97% = $340,000 × 0.97 = $329,800. To solve this, multiply the relevant values: $340,000 at 97%.. The correct answer is $329,800.. This is a common calculation on the Michigan real estate exam.
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