Real Estate Math
A Massachusetts property is listed at $579,000. After 90 days, the seller offers a 2% reduction. The reduced price is:
A$567,420✓ Correct
B$550,000
C$572,000
D$569,210
Explanation
Reduced price = $579,000 × (1 − 0.02) = $579,000 × 0.98 = $567,420. To solve this, multiply the relevant values: $579,000 at 2%.. The correct answer is $567,420.. This is a common calculation on the Massachusetts real estate exam.
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