Real Estate Math
A New Mexico property is listed at $390,000. After 60 days, the price is reduced by 5%. What is the new listing price?
A$370,500✓ Correct
B$371,500
C$360,000
D$380,000
Explanation
Price reduction = $390,000 x 5% = $19,500. New price = $390,000 - $19,500 = $370,500.
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