Hazel sold her home in 2020 for a contract sales price of $285,000. The buyer paid $5,000 down payment plus a camper valued at $1,200. Hazel agreed to receive the camper at the value of $1,200 as part of the down payment for a total down payment of $6,200. Hazel had a mortgage on the home for $196,000 that was to be paid off from the proceeds of the sale. What is Hazel’s sales price of the home she sold? Select one: a. $285,000 b. $283,800 c. $278,800 d. $89,000

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01-01-2022
Law

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Hazel sold her home in 2020 for a contract sales price of $285,000. The buyer paid $5,000 down payment plus a camper valued at $1,200. Hazel agreed to receive the camper at the value of $1,200 as part of the down payment for a total down payment of $6,200. Hazel had a mortgage on the home for $196,000 that was to be paid off from the proceeds of the sale. What is Hazel’s sales price of the home she sold? Select one: a. $285,000 b. $283,800 c. $278,800 d. $89,000

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