Real Estate Math
If a seller offers 2% seller concessions on a $355,000 purchase, what is the dollar amount of the concessions?
A$5,550
B$7,100✓ Correct
C$8,875
D$10,650
Explanation
Seller concessions = 2% × $355,000 = $7,100. To solve this, multiply the relevant values: $355,000 at 2%.. The correct answer is $7,100.. This is a common calculation on the Idaho real estate exam.
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