Real Estate Math
A buyer's agent representing a client in a $925,000 purchase negotiated a price reduction of $45,000. The final purchase price is:
A$870,000
B$880,000✓ Correct
C$890,000
D$900,000
Explanation
$925,000 - $45,000 = $880,000. Using the values given ($925,000, $45,000), apply the appropriate formula.. The correct answer is $880,000.. This is a common calculation on the New York real estate exam.
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