Real Estate Math

A Nevada seller pays $3,900 in transfer tax. In Clark County ($1.95/$500), what was the sale price?

A$950,000

B$975,000

C$1,000,000✓ Correct

D$1,050,000

Explanation

$3,900 / $1.95 = 2,000 units x $500 = $1,000,000 sale price.

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