Real Estate Math
A South Carolina property was listed at $419,000 and sold for 97% of list price. What was the sale price?
A$404,410
B$406,430
C$406,730✓ Correct
D$407,000
Explanation
Sale price = $419,000 × 97% = $419,000 × 0.97 = $406,430. (97 = $406,430.). To solve this, multiply the relevant values: $419,000 at 97%.. The correct answer is $406,730.. This is a common calculation on the South Carolina real estate exam.
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