Real Estate Math
A NH seller listed their home at $425,000. After reducing the price by 4%, they received a full-price offer on the reduced listing. The buyer and seller each pay their share of the transfer tax. What is each party's transfer tax?
A$3,060✓ Correct
B$2,040
C$1,530
D$2,550
Explanation
Reduced price = $425,000 × (1 − 0.04) = $425,000 × 0.
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