How do I decline an offer?

I received an offer on an item I am selling that is nowhere near the asking price. How do I decline it, or do I simply ignore it for its 48 hours? The first time I received an offer on an item I pressed respond, thinking I would get options on how to reply but found out that I had sold it. Luckily I was going to accept that offer so no harm done but I am confused now and certainly do not want to accept this offer.  Could not find any answers in help section, so help appreciated.

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