Real Estate Math

A Texas agent lists a property at $425,000. After 45 days, the agent suggests reducing the price by 4%. What is the new list price?

A$408,000✓ Correct

B$407,000

C$405,000

D$402,000

Explanation

Reduction = $425,000 × 0.04 = $17,000. New price = $425,000 − $17,000 = $408,000.

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