The price was reduced from four thousand, four hundred ninety six dollars to one thousand, eight hundred ninety three dollars. By how much was the price reduced?
4,496 - 1,893 = 2,603
To calculate the amount by which the price was reduced, you need to find the difference between the original price and the reduced price. In this case, the original price is $4,496 and the reduced price is $1,893.
To find the reduction, subtract the reduced price from the original price:
$4,496 - $1,893 = $2,603
Therefore, the price was reduced by $2,603.