Real Estate Math
A Washington seller received an offer at 96.5% of the $725,000 asking price. What is the offer amount?
A$693,000
B$699,125✓ Correct
C$700,125
D$702,125
Explanation
Offer = $725,000 × 96.5% = $725,000 × 0.965 = $699,125. To solve this, multiply the relevant values: $725,000 at 96.5%.. The correct answer is $699,125.. This is a common calculation on the Washington real estate exam.
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