Real Estate Math
A Montana property has a listing price of $399,000. After 45 days on the market, the seller agrees to a 3% price reduction. What is the new listing price?
A$387,030✓ Correct
B$386,000
C$391,000
D$395,970
Explanation
Reduction = $399,000 x 0.03 = $11,970.
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