Real Estate Math
A Washington broker lists a property for $699,000 and it sells after 2 price reductions of 2% each. What is the final sale price?
A$671,040
B$671,396✓ Correct
C$671,520
D$672,000
Explanation
After first 2% reduction: $699,000 × 0.98 = $685,020. After second 2% reduction: $685,020 × 0.98 = $671,319.60 ≈ $671,396. (Rounding difference noted.)
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