Question

Alia's closing costs are 5% of the price of the house. Her new house costs $120,000. How much will Alia have to pay for closing costs?

Answer 1

Step 1

The closing costs = 5% of the cost of the house

Step 2

Cost of the house = $120,000

Step 3

`\begin{gathered} Clo\sin g\text{ cost = 5\% of \$120000} \\ =\text{ }(5)/(100)\text{ }*\text{ 120000} \\ =\text{ \$6000} \end{gathered}`

Final answer

Alia closing costs = $6,000