Real Estate Math
A North Dakota home has a list price of $265,000. The buyer offers 95% of list price. What is the offer price?
A$248,500
B$251,750✓ Correct
C$256,000
D$262,000
Explanation
Offer price = $265,000 × 95% = $265,000 × 0.95 = $251,750. To solve this, multiply the relevant values: $265,000 at 95%.. The correct answer is $251,750.. This is a common calculation on the North Dakota real estate exam.
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