Real Estate Math
A Bismarck condo sells for $185,000. The seller pays a 6% commission and $3,200 in closing costs. What are the seller's total costs related to the sale?
A$11,100
B$14,300✓ Correct
C$14,500
D$15,800
Explanation
Commission = $185,000 × 6% = $11,100. Total costs = $11,100 + $3,200 = $14,300. To solve this, multiply the relevant values: $185,000 and $3,200 at 6%.. The correct answer is $14,300.. This is a common calculation on the North Dakota real estate exam.
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