Real Estate Math
A Rhode Island home was listed at $320,000 and sold for 97% of the list price. What was the sale price?
A$9,600
B$310,400✓ Correct
C$312,000
D$320,000
Explanation
$320,000 x 0.97 = $310,400. The home sold for $310,400. To solve this, multiply the relevant values: $320,000 at 97%.. The correct answer is $310,400.. This is a common calculation on the Rhode Island real estate exam.
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