Real Estate Math
An Oklahoma house was listed at $425,000 and sold for 97% of list price. What was the sale price?
A$12,750
B$412,250✓ Correct
C$436,750
D$425,000
Explanation
Sale Price = List Price × Sale Percentage. $425,000 × 0.97 = $412,250. To solve this, multiply the relevant values: $425,000 at 97%.. The correct answer is $412,250.. This is a common calculation on the Oklahoma real estate exam.
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