Real Estate Math
A Montana property is listed for $425,000 and a buyer offers $400,000. What percentage below list price is the offer?
A5.56%
B5.88%✓ Correct
C6.25%
D5.00%
Explanation
Percentage below list = ($425,000 - $400,000) / $425,000 = $25,000 / $425,000 = 0.05882 = approximately 5.88%.
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