Real Estate Math
A Minnesota home listed at $399,000 sells at a 2% discount. What is the sale price?
A$391,020✓ Correct
B$390,500
C$381,000
D$395,000
Explanation
Sale price = List price x (1 - discount rate) = $399,000 x 0.98 = $391,020. A 2% discount on a $399,000 listing equals $7,980, resulting in a sale price of $391,020. This type of calculation appears on the Minnesota real estate exam.
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