Real Estate Math
A Pennsylvania property sells at a 12% loss from the original purchase price of $250,000. What is the sale price?
A$210,000
B$220,000✓ Correct
C$218,000
D$230,000
Explanation
Loss = $250,000 × 12% = $30,000. Sale Price = $250,000 − $30,000 = $220,000. Understanding percentage losses is essential for evaluating investment returns and advising clients on pricing decisions when selling at a loss.
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