Real Estate Math
A Missouri property's list price is $389,000. If it sells at 98.5% of list price, the sale price is:
A$377,435
B$383,165✓ Correct
C$384,650
D$389,000
Explanation
Sale price = $389,000 x 0.985 = $383,165. To solve this, multiply the relevant values: $389,000 at 98.5%.. The correct answer is $383,165.. This is a common calculation on the Missouri real estate exam.
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