Real Estate Math
A property is listed at $425,000 and sells for 96% of the listing price. What is the sale price?
A$408,000✓ Correct
B$412,000
C$415,000
D$420,000
Explanation
Sale price = $425,000 x 0.96 = $408,000. To solve this, multiply the relevant values: $425,000 at 96%.. The correct answer is $408,000.. This is a common calculation on the Utah real estate exam.
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