Real Estate Math (alternative)
A Maryland seller's asking price is $425,000. They agree to a 6% reduction for a quick sale. The new sale price is:
A$399,500✓ Correct
B$393,750
C$400,750
D$398,500
Explanation
Reduction = 6% × $425,000 = $25,500. New price = $425,000 − $25,500 = $399,500. To solve this, multiply the relevant values: $425,000 at 6%.. The correct answer is $399,500.. This is a common calculation on the Maryland real estate exam.
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