Real Estate Math
A lot is 100 feet wide and 200 feet deep, priced at $8.50 per square foot. What is the price?
A$170,000✓ Correct
B$160,000
C$180,000
D$190,000
Explanation
Area = 100 × 200 = 20,000 sq ft. Price = 20,000 × $8.50 = $170,000. Using the values given ($8.50), apply the appropriate formula.. The correct answer is $170,000.. This is a common calculation on the Arkansas real estate exam.
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