Real Estate Math
An Iowa home is listed for $299,500. After negotiations, the buyer and seller agree on a price 2% below list price. What is the agreed sale price?
A$291,510
B$293,510✓ Correct
C$295,510
D$297,510
Explanation
Reduction = $299,500 × 2% = $5,990. Sale price = $299,500 − $5,990 = $293,510.
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