Real Estate Math
A property is listed at $265,000. After 30 days with no offers, the seller reduces the price by 4%. What is the new listing price?
A$254,400✓ Correct
B$255,000
C$261,000
D$250,000
Explanation
Price reduction = $265,000 x 4% = $10,600. New price = $265,000 - $10,600 = $254,400. To solve this, multiply the relevant values: $265,000 at 4%.. The correct answer is $254,400.. This is a common calculation on the Oklahoma real estate exam.
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