Real Estate Math
A RI Realty Transfer Tax must be paid on a $600,000 sale. At $2.30 per $500, what is the total tax?
A$2,760✓ Correct
B$3,220
C$3,680
D$2,300
Explanation
$600,000 / $500 = 1,200 units x $2.30 = $2,760.
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