Real Estate Math
A NJ property is listed at $419,000. The seller accepts an offer for 97% of list price. What is the accepted sale price?
A$406,430✓ Correct
B$412,619
C$415,000
D$399,000
Explanation
Sale price = $419,000 × 0.97 = $406,430. To solve this, multiply the relevant values: $419,000 at 97%.. The correct answer is $406,430.. This is a common calculation on the New Jersey real estate exam.
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