Real Estate Math
A buyer offers $425,000 with a 10% earnest money deposit. What is the earnest money amount?
A$38,500
B$42,500✓ Correct
C$44,000
D$47,500
Explanation
Earnest money = $425,000 × 10% = $42,500. To solve this, multiply the relevant values: $425,000 at 10%..
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