Real Estate Math
A Missouri listing expired after 180 days without a sale. If the home was listed at $289,000 and the agent reduced the price 5% at day 90, what was the reduced price?
A$270,000
B$274,550✓ Correct
C$279,000
D$280,500
Explanation
Price reduction = $289,000 × 5% = $14,450. Reduced price = $289,000 − $14,450 = $274,550.
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