Real Estate Math
A North Dakota property is sold for $390,000. The seller pays a 6% commission and $5,200 in other closing costs. What is the seller's total cost of selling?
A$23,400
B$28,600✓ Correct
C$33,800
D$38,600
Explanation
Commission = $390,000 × 6% = $23,400. Total selling costs = $23,400 + $5,200 = $28,600. To solve this, multiply the relevant values: $390,000 and $5,200 at 6%.. The correct answer is $28,600.. This is a common calculation on the North Dakota real estate exam.
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