Real Estate Math
A lot in Alaska is 150 feet wide and 200 feet deep. A developer wants to build a structure that covers no more than 35% of the lot (lot coverage ratio). What is the maximum footprint?
A7,500 sq ft
B9,000 sq ft
C10,500 sq ft✓ Correct
D12,000 sq ft
Explanation
Lot area = 150 × 200 = 30,000 sq ft. Maximum footprint = 30,000 × 35% = 10,500 sq ft. Apply the appropriate real estate math formula to arrive at the answer.. The correct answer is 10,500 sq ft.. This is a common calculation on the Alaska real estate exam.
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