Land Is Purchased for $256,000

question 79

Multiple Choice

Land is purchased for $256,000. Additional costs include a $15,300 fee to a broker, a survey fee of $2,400, $1,750 to construct a fence, and a legal fee of $8,500. What is the cost of the land?

• A) $256,000.
• B) $281,000.
• C) $284,600.
• D) $282,200.

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Definitions:

Daily Aspirin

A regimen of taking aspirin every day, often recommended to reduce the risk of heart attack or stroke.

Heart Attack

A medical emergency that occurs when the flow of blood to the heart is blocked, causing heart muscle damage or death.

Normal Good

A type of good for which demand increases when consumer income rises, and decreases when consumer income decreases.

Rental Price

The cost associated with renting a property, such as an apartment or a car.