Real Estate Math
A New Mexico home was listed at $475,000 but sold for $460,000. What was the discount from list price?
A2.0%
B3.0%
C3.16%✓ Correct
D5.0%
Explanation
Discount = ($475,000 - $460,000) / $475,000 = $15,000 / $475,000 = 0.0316 = 3.
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