Real Estate Math
A Michigan seller lists their home at $280,000. After negotiations, it sells for 96% of list price. What is the sale price?
A$268,800✓ Correct
B$269,600
C$270,800
D$265,000
Explanation
Sale price = $280,000 x 0.96 = $268,800. To solve this, multiply the relevant values: $280,000 at 96%.. The correct answer is $268,800.. This is a common calculation on the Michigan real estate exam.
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