Real Estate Math
A Georgia property is listed at $389,000. After 60 days with no offers, the seller reduces the price by 4%. What is the new listing price?
A$349,000
B$373,440✓ Correct
C$374,940
D$385,000
Explanation
Price reduction = $389,000 × 4% = $15,560. New price = $389,000 − $15,560 = $373,440. To solve this, multiply the relevant values: $389,000 at 4%.. The correct answer is $373,440.. This is a common calculation on the Georgia real estate exam.
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