Real Estate Math
A South Carolina property has a list price of $265,000. The buyer offers 96% of list price. What is the offer price?
A$252,400
B$254,400✓ Correct
C$256,400
D$258,400
Explanation
Offer price = $265,000 × 96% = $265,000 × 0.96 = $254,400. To solve this, multiply the relevant values: $265,000 at 96%.. The correct answer is $254,400.. This is a common calculation on the South Carolina real estate exam.
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