Real Estate Math
A Nevada property is listed at $575,000 and has been on the market for 45 days. If the average days on market for the area is 15 days, the seller reduces by 2.5%. What is the new price?
A$560,625✓ Correct
B$561,250
C$558,125
D$562,500
Explanation
Price reduction = 2.5% x $575,000 = $14,375.
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