Real Estate Math
A New York property is listed for $650,000. The buyer and seller negotiate a 4% reduction. What is the negotiated price?
A$624,000✓ Correct
B$640,000
C$612,000
D$598,000
Explanation
Reduction = $650,000 × 4% = $26,000. Negotiated price = $650,000 - $26,000 = $624,000.
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