Real Estate Math
A Louisiana title company charges a recording fee of $25 for the first page and $10 for each additional page of an Act of Sale. If the Act of Sale is 8 pages, what is the recording fee?
A$80
B$95✓ Correct
C$75
D$70
Explanation
Recording fee = $25 (first page) + 7 × $10 (additional pages) = $25 + $70 = $95. Using the values given ($25, $10), apply the appropriate formula.. The correct answer is $95.. This is a common calculation on the Louisiana real estate exam.
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