Real Estate Math
A broker lists a property for $615,000. After 45 days, the seller reduces the price by 4%. What is the new list price?
AA. $590,400✓ Correct
BB. $591,600
CC. $589,440
DD. $583,200
Explanation
$615,000 × (1 - 0.04) = $615,000 × 0.96 = $590,400. To solve this, multiply the relevant values: $615,000 at 4%.. The correct answer is A. $590,400.. This is a common calculation on the Colorado real estate exam.
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