Real Estate Math
A Texas broker lists a property for $380,000. After 60 days, the seller reduces the price by 5%. What is the new list price?
A$361,000✓ Correct
B$362,000
C$360,000
D$355,000
Explanation
Price reduction = $380,000 × 0.05 = $19,000. New price = $380,000 − $19,000 = $361,000.
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