Real Estate Math
A Vermont house is listed at $425,000 and sells for $409,000. What was the sale price as a percentage of list price?
A94%
B96%✓ Correct
C97%
D98%
Explanation
Sale-to-list ratio = $409,000 / $425,000 = 0.9624 = approximately 96.2%, closest to 96%. Using the values given ($425,000, $409,000), apply the appropriate formula.. The correct answer is 96%.. This is a common calculation on the Vermont real estate exam.
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