Real Estate Math
A Delaware home inspection reveals $18,500 of repairs. The buyer and seller negotiate: seller reduces price by 60% of repair cost. What is the price reduction?
A$11,100✓ Correct
B$18,500
C$7,400
D$9,250
Explanation
Price reduction = $18,500 × 60% = $18,500 × 0.60 = $11,100.
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