Real Estate Math
A Virginia property has a listed price of $525,000. The buyer negotiates a 3% discount. What is the purchase price?
A$492,750
B$499,500
C$508,750✓ Correct
D$515,000
Explanation
Discount = $525,000 × 3% = $15,750. Purchase price = $525,000 − $15,750 = $509,250. Closest option: $509,250 is not listed exactly; recalculating: $525,000 × 0.97 = $509,250. Best match from options provided: $508,750 would be wrong. The correct calculation is $509,250.
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