Real Estate Math
A property in Allentown, PA, sold for $315,000 with 4% seller concessions. What did the buyer effectively pay (net of concessions)?
A$302,400✓ Correct
B$327,600
C$311,000
D$315,000
Explanation
Seller concessions = $315,000 × 4% = $12,600. Net price to buyer = $315,000 − $12,600 = $302,400.
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