Real Estate Math
A property is listed for $380,000. After a price reduction of 8%, what is the new list price?
A$330,400
B$349,600✓ Correct
C$357,200
D$363,000
Explanation
Reduction = $380,000 × 0.08 = $30,400. New price = $380,000 − $30,400 = $349,600. To solve this, multiply the relevant values: $380,000 at 8%.. The correct answer is $349,600.. This is a common calculation on the Louisiana real estate exam.
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