Real Estate Math
A Nevada property is listed at $350,000. After 90 days, the price is reduced by 8%. What is the new listing price?
A$280,000
B$315,000
C$322,000✓ Correct
D$328,000
Explanation
Price reduction = $350,000 × 0.08 = $28,000. New listing price = $350,000 - $28,000 = $322,000. To solve this, multiply the relevant values: $350,000 at 8%.. The correct answer is $322,000.. This is a common calculation on the Nevada real estate exam.
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