Real Estate Math
A Nevada seller lists their home at $549,000. They receive an offer at $520,000. What is the offer as a percentage of list price?
A93.5%
B94.7%✓ Correct
C95.4%
D96.2%
Explanation
$520,000 / $549,000 = 0.9472 = 94.7%. Using the values given ($549,000, $520,000), apply the appropriate formula.. The correct answer is 94.7%.. This is a common calculation on the Nevada real estate exam.
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