Real Estate Math
A lot has a frontage of 80 feet and a depth of 120 feet. The price is $12 per square foot. What is the total price?
A$100,800
B$115,200✓ Correct
C$96,000
D$130,400
Explanation
Area = 80 × 120 = 9,600 sq ft. Price = 9,600 × $12 = $115,200. Using the values given ($12), apply the appropriate formula.. The correct answer is $115,200.. This is a common calculation on the Arkansas real estate exam.
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