Let x be the selling price of the property, then we know that the 5% of x is $1,625.
Now, recall that the n% of an amount can be computed by multiplying the amount by
[tex]\frac{n}{100}\text{.}[/tex]Therefore:
[tex]x\times\frac{5}{100}=1625.[/tex]Solving the above equation for x, we get:
[tex]x=\frac{1625\times100}{5}\text{.}[/tex]Simplifying the above result, we get:
[tex]x=32500.[/tex]Answer:
[tex]32500[/tex]dollars.
