Real Estate Math
A Delaware home is listed at $319,000 and has been shown 18 times in 45 days without an offer. The seller reduces the price by 3.5%. What is the new price?
A$307,835✓ Correct
B$307,000
C$309,000
D$308,200
Explanation
Reduction = $319,000 × 0.035 = $11,165. New price = $319,000 − $11,165 = $307,835. To solve this, multiply the relevant values: $319,000 at 3.5%.. The correct answer is $307,835.. This is a common calculation on the Delaware real estate exam.
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