Real Estate Math
A Virginia agent lists a home for $550,000. After 30 days, the seller agrees to a price reduction of 4%. What is the new listing price?
A$520,000
B$528,000✓ Correct
C$530,000
D$524,000
Explanation
Price reduction = $550,000 × 4% = $22,000. New price = $550,000 – $22,000 = $528,000.
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