Real Estate Math
A Mississippi property is listed at $225,000. After 60 days, the seller reduces the price by 4%. The new listing price is:
A$216,000✓ Correct
B$215,100
C$220,500
D$214,000
Explanation
Price reduction = $225,000 × 0.04 = $9,000. New price = $225,000 - $9,000 = $216,000. A 4% reduction on $225,000 results in a new listing price of $216,000.
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