# Real Estate Math Class : Lesson 45

By
Education & Training TN LIC# 290452 (retired)

The seller listed his home for a price which exceeded the appraisal by 18%.

He lowered the lisiting price to \$218,000.

What was the original listing price ?

The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bottom. It helps to keep your math skills sharp. Hope you have a fine week ahead.

A. \$265,853.66 rounded \$265, 854

subtract 18 from 100 percent to get 82 or 82% which is also .82

Divide \$218,000 by .82 to get \$265,853.66 or rounded \$265,854

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