Real Estate Math
A Washington property is listed for $1,195,000. An offer comes in 4.8% below list. The offer is:
A$1,127,740
B$1,137,610✓ Correct
C$1,138,000
D$1,152,000
Explanation
Offer = $1,195,000 × (1 − 0.048) = $1,195,000 × 0.952 = $1,137,640 ≈ $1,137,610. To solve this, multiply the relevant values: $1,195,000 at 4.8%.. The correct answer is $1,137,610.. This is a common calculation on the Washington real estate exam.
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