Real Estate Math
A Nevada home is listed at $385,000 and sells at 97% of list price. The buyer negotiated a 3% seller concession toward closing costs. What amount does the seller contribute toward the buyer's closing costs?
A$11,550
B$11,203✓ Correct
C$10,000
D$11,000
Explanation
Sales price = $385,000 × 0.97 = $373,450.
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