Real Estate Math
A Virginia buyer makes an offer of $375,000 on a home listed at $399,000. The offer is what percentage below listing price?
A4.7%
B5.4%
C6.0%✓ Correct
D6.5%
Explanation
Discount = $399,000 – $375,000 = $24,000. Percentage = $24,000 ÷ $399,000 = 6.
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