Real Estate Math

A West Virginia property is listed at $225,000 and sells for 96% of list price. What is the sale price?

A$213,750

B$216,000✓ Correct

C$218,000

D$220,000

Explanation

Sale price = $225,000 × 96% = $225,000 × 0.96 = $216,000. To solve this, multiply the relevant values: $225,000 at 96%.. The correct answer is $216,000.. This is a common calculation on the West Virginia real estate exam.

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