Real Estate Math
A Massachusetts property's list price is $625,000. After 60 days on market, the seller reduces it by 3%. An offer comes in at 98% of the reduced price. What is the offer amount?
A$595,595✓ Correct
B$606,250
C$612,500
D$583,750
Explanation
Reduced price = $625,000 × (1 − 0.03) = $625,000 × 0.
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