Real Estate Math
A Washington listing sold for $830,000 in 45 days. The home was listed at $875,000. What was the price reduction percentage?
A4.8%
B5.1%✓ Correct
C5.3%
D5.7%
Explanation
Reduction = ($875,000 − $830,000) ÷ $875,000 = $45,000 ÷ $875,000 = 5.14% ≈ 5.
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