A buyer values a house at $525,000 and a seller values the same house at $485,000.If sales tax is 8% and is levied on the seller,then what would be the lowest price that the seller would be willing to sell at?​

A) ​$527,000
B) $523,800
C) $525,000
D) ​$500,000

If the buyer values the house at $525,000 and the seller values it at $485,000, then the optimal price would be somewhere in between. To determine the lowest price the seller would be willing to sell at, we can calculate the amount of sales tax that the seller would have to pay at the buyer's valuation:

$525,000 * 0.08 = $42,000

Then, subtracting the sales tax from the buyer's valuation, we get:

$525,000 - $42,000 = $483,000

This is lower than the seller's valuation of $485,000, so the lowest price the seller would be willing to sell at is $483,000. However, since the answer choices are given in rounded numbers, the closest option is $523,800, which is 8% more than $483,000:

$483,000 * 1.08 = $523,800

Therefore, the best choice is B, $523,800.