Real Estate Math
A Connecticut property is listed at $749,000. After 60 days, the seller reduces the price by 4%. What is the new listing price?
A$709,040
B$719,040✓ Correct
C$699,000
D$729,000
Explanation
Price reduction = $749,000 × 4% = $29,960. New price = $749,000 - $29,960 = $719,040. To solve this, multiply the relevant values: $749,000 at 4%.. The correct answer is $719,040.. This is a common calculation on the Connecticut real estate exam.
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