Real Estate Math
A South Carolina buyer receives seller concessions of 3% of the $310,000 purchase price. How much is the concession?
A$8,100
B$9,300✓ Correct
C$9,750
D$10,250
Explanation
Concession = $310,000 × 3% = $310,000 × 0.03 = $9,300. To solve this, multiply the relevant values: $310,000 at 3%.. The correct answer is $9,300.. This is a common calculation on the South Carolina real estate exam.
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