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OpenStudy (anonymous):
The closing costs for Alicia's mortgage will amount to 5 percent of the purchase price. If the purchase price is $175,000, how much are the closing costs? A. $7,500 B. $8,500 C.$8,750
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OpenStudy (anonymous):
\[.05\times 175,000\] and a calculator
OpenStudy (anonymous):
In explanation of what satellite said, 5% is equal to .05 of 1. 1 being 100%. To get 5% of a number you could divide the number by 100 and multiply by 5, or to make it quicker, multiply by just the .05.
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