Real Estate Math
A Kansas home is listed at $239,000. After 60 days on market, the seller reduces the price by 4%. What is the new list price?
A$228,000
B$229,440✓ Correct
C$230,000
D$232,360
Explanation
Price reduction = $239,000 × 0.04 = $9,560. New price = $239,000 - $9,560 = $229,440. To solve this, multiply the relevant values: $239,000 at 4%.. The correct answer is $229,440.. This is a common calculation on the Kansas real estate exam.
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