Real Estate Math
A Washington broker lists a property. After 45 days, the seller lowers the price by 2.5% from $825,000. The new list price is:
A$800,000
B$804,375✓ Correct
C$806,250
D$810,000
Explanation
Reduction = $825,000 × 2.5% = $20,625. New price = $825,000 − $20,625 = $804,375. To solve this, multiply the relevant values: $825,000 at 2.5%.. The correct answer is $804,375.. This is a common calculation on the Washington real estate exam.
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