Answer: $100,000 less
Step-by-step explanation:
Since we are informed from the question that the real estate developer is offering identical houses for sale for $350,000 each, and has 20 willing customers, this means that current revenue will be:
= $350,000 × 20
= $7,000,000
By lowering the price, the revenue made will be:
= $300,000 × 23
= $6,900,000
The difference is
$7,000,000 - $6,900,000
= $100,000 less.