masamatovic masamatovic

15-09-2022
Mathematics

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14. A certain real estate agent uses what he calls a step- strategy to sell houses. He puts a house on the market at a higher-than - expected selling price and if it hasn't sold in two weeks, he drops the price by 5%. If it still hasn't sold in another 2 weeks , he drops the price by another 5 %. After that , he continues to drop the price by 3% every two weeks until it reach es a cut -off amount assigned by the home owner , or the house sells , whichever comes first . If a house is originally listed at $200,000 and the homeowner sets a cut -off amount of $166,000 , what is the final selling price given that the house sells after being on the market for 9 weeks ? A ) $162,901.25 B) $164,737.48 $166,000.00 D ) $169,832.45

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15-09-2022

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