Real Estate Math
A South Carolina property sold for $450,000 at 92% of the listing price. What was the list price?
A$479,893
B$488,000
C$489,130✓ Correct
D$490,217
Explanation
List price = Sale Price ÷ Percent of List = $450,000 ÷ 0.92 = $489,130.43 ≈ $489,130. To solve this, multiply the relevant values: $450,000 at 92%.. The correct answer is $489,130.. This is a common calculation on the South Carolina real estate exam.
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