Real Estate Math
A property is valued at $198,000. The owner wants to sell for 103% of the value. What is the asking price?
A$201,940
B$203,940✓ Correct
C$203,940.00
D$205,000
Explanation
Asking price = $198,000 x 103% = $198,000 x 1.03 = $203,940. To solve this, multiply the relevant values: $198,000 at 103%.. The correct answer is $203,940.. This is a common calculation on the Oklahoma real estate exam.
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