Real Estate Math
A property is listed at $445,000 and sells for 98% of the list price. The actual sale price is:
A$435,100
B$436,100✓ Correct
C$440,000
D$443,000
Explanation
Sale price = $445,000 x 0.98 = $436,100. To solve this, multiply the relevant values: $445,000 at 98%.. The correct answer is $436,100.. This is a common calculation on the North Carolina real estate exam.
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