Real Estate Math
A South Dakota property has a list price of $350,000. After 60 days, the seller accepts an offer for 94% of list price. What is the sale price?
A$320,000
B$329,000✓ Correct
C$310,000
D$344,000
Explanation
Sale price = $350,000 × 94% = $350,000 × 0.94 = $329,000. To solve this, multiply the relevant values: $350,000 at 94%.. The correct answer is $329,000.. This is a common calculation on the South Dakota real estate exam.
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