Real Estate Math
A lot is 75 feet by 125 feet. It is sold at $65 per square foot. What is the total sale price?
A$609,375✓ Correct
B$517,969
C$487,500
D$543,750
Explanation
Area = 75 × 125 = 9,375 sq ft. Price = 9,375 × $65 = $609,375. Using the values given ($65), apply the appropriate formula.. The correct answer is $609,375.. This is a common calculation on the Arkansas real estate exam.
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