Real Estate Math
A Rhode Island home listed at $400,000 sells for 97% of list price. What is the sale price?
A$388,000✓ Correct
B$392,000
C$396,000
D$398,000
Explanation
$400,000 x 0.97 = $388,000. To solve this, multiply the relevant values: $400,000 at 97%.. The correct answer is $388,000.. This is a common calculation on the Rhode Island real estate exam.
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