Real Estate Math
A South Carolina buyer's closing costs are estimated at 3% of the purchase price of $275,000. What is the estimated closing cost amount?
A$6,750
B$7,500
C$8,250✓ Correct
D$8,750
Explanation
Closing costs = $275,000 × 3% = $275,000 × 0.03 = $8,250.
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