Real Estate Math
A Massachusetts property is listed at $475,000. After a 6% price reduction, the buyer also negotiates an additional $5,000 credit at closing. What is the net effective sale price?
A$441,500✓ Correct
B$446,500
C$447,000
D$440,000
Explanation
Reduced price = $475,000 × (1 − 0.06) = $475,000 × 0.
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