Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hazel sold her home in 2020 for a contract sales price of $285,000. The buyer paid $5,000 down payment plus a camper valued at $1,200.
Hazel sold her home in 2020 for a contract sales price of $285,000. The buyer paid $5,000 down payment plus a camper valued at $1,200. Hazel agreed to receive the camper at the value of $1,200 as part of the down payment for a total down payment of $6,200. Hazel had a mortgage on the home for $196,000 that was to be paid off from the proceeds of the sale. What is Hazels sales price of the home she sold?
Select one:
a. $285,000
b. $283,800
c. $278,800
d. $89,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started