Real Estate Math
A Nebraska property sold at auction for $187,500. The buyer paid a 10% buyer's premium. The total cost to the buyer was:
A$187,500
B$206,250✓ Correct
C$175,000
D$198,500
Explanation
Buyer's premium = $187,500 × 10% = $18,750. Total cost = $187,500 + $18,750 = $206,250.
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