Real Estate Math
An Alaska property is listed for $560,000. The seller agrees to pay 3% of the sale price toward buyer closing costs. If the property sells at full price, how much does the seller contribute to closing costs?
A$14,700
B$16,800✓ Correct
C$18,000
D$22,400
Explanation
Seller concession = $560,000 × 3% = $16,800. To solve this, multiply the relevant values: $560,000 at 3%..
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