Real Estate Math
A Virginia listing agent is advertising a property that was listed at $415,000 and sold at $399,000. What was the sales price as a percentage of list price?
A94.8%
B96.1%✓ Correct
C97.3%
D98.5%
Explanation
Sales price ÷ List price = $399,000 ÷ $415,000 = 0.9614 = 96.1%. Using the values given ($415,000, $399,000), apply the appropriate formula.. The correct answer is 96.1%.. This is a common calculation on the Virginia real estate exam.
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