Finance
A Wisconsin seller agrees to pay 3% of the purchase price as a seller concession toward the buyer's closing costs. On a $280,000 sale, the seller concession is:
A$5,600
B$7,200
C$8,400✓ Correct
D$9,800
Explanation
Seller concession = $280,000 × 3% = $8,400. To solve this, multiply the relevant values: $280,000 at 3%.. The correct answer is $8,400.. This is a common calculation on the Wisconsin real estate exam.
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