​A Buyer Values a House at $525,000 and a Seller

question 42

Multiple Choice

​A buyer values a house at $525,000 and a seller values the same house at $485,000.If sales tax is 8% and is levied on the buyer,then,what would be the highest price that the buyer would be willing to pay?

• A)​$525,000
• B)$523,800
• C)$485,000
• D)​$486,111

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Definitions:

Annulus Fibrosus

The tough outer layer of the intervertebral disc that encloses the soft, gelatinous core called the nucleus pulposus.

Nucleus Pulposus

The inner core of the vertebral disc, composed of a jelly-like material that provides the disc with its ability to absorb shock and maintain spinal flexibility.

Spinous Process

The spinous process is a bony projection off the posterior (back) of each vertebra, which muscles and ligaments attach to.

Inferior Projection

A downward anatomical direction or extension from a main structure.