Real Estate Math
A commercial property is listed for $1,500,000. The buyer offers 95% of asking price. What is the offer amount?
A$1,375,000
B$1,400,000
C$1,425,000✓ Correct
D$1,450,000
Explanation
Offer = $1,500,000 × 95% = $1,425,000. To solve this, multiply the relevant values: $1,500,000 at 95%.. The correct answer is $1,425,000.. This is a common calculation on the Ohio real estate exam.
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