Question

Patrick is buying a house for $85,000. His closing costs are 5% of the price of the house. How much will he have to pay for closing costs? I assume $4,250?

Answer 1

The answer is $4,250

Answer 2

We need to calculate the 5% of $85000 in order to know the closing costs

`85000\cdot(5)/(100)=4250`

He will pay for closing costs $4,250