Real Estate Math
A South Carolina seller lists for $399,000. After 45 days, reduces to $379,000. The property sells for $365,000. What was the selling price as a percentage of the original listing price?
A88.4%
B91.5%✓ Correct
C92.3%
D96.3%
Explanation
Percentage = Sale Price ÷ Original List Price = $365,000 ÷ $399,000 = 0.9148... ≈ 91.5%. Using the values given ($399,000, $379,000), apply the appropriate formula.. The correct answer is 91.5%.. This is a common calculation on the South Carolina real estate exam.
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