1. The problem states that a television originally costs 550 and the price is reduced by 4%. We need to find the new price after the reduction. 2. Calculate the amount of the reduction by finding 4% of 550: $$\text{Reduction} = 550 \times \frac{4}{100} = 550 \times 0.04 = 22$$ 3. Subtract the reduction from the original price to get the new price: $$\text{New price} = 550 - 22 = 528$$ 4. Therefore, the new price of the television after a 4% reduction is 528.