Real Estate Math
A NC buyer offers $328,500 on a home listed at $339,900. This offer is what percentage below list price?
A3.0%
B3.4%✓ Correct
C4.0%
D3.6%
Explanation
Discount = $339,900 - $328,500 = $11,400. Percentage below list = $11,400 / $339,900 = 0.0335 = approximately 3.4% below list price.
Related North Carolina Real Estate Math Questions
- A property manager collected $42,000 in rent last month and charges a 7% management fee. What is the fee?
- A property is purchased for $220,000 and sold 3 years later for $264,000. What is the percentage gain?
- A property generates annual net income of $36,000 and is purchased for $450,000. What is the overall (cap) rate?
- If a home in Raleigh has an assessed value of $420,000 and the county millage rate is 8 mills, what is the annual property tax?
- An investment property in Greensboro has a potential gross income of $96,000, a 5% vacancy rate, and operating expenses of $32,000. What is the NOI?
- A home in Winston-Salem, NC sells for $285,000. The seller pays a 6% commission and NC excise tax. The seller's total commission and excise tax is:
- A 6-unit NC apartment building has a potential gross income of $84,000/year. Vacancy is 8%, operating expenses are $28,000. What is the NOI?
- A rectangular lot measures 150 feet wide by 200 feet deep. What is the lot size in square feet?
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →