Real Estate Math
A 2,400 square foot Hawaii home sells for $960,000. What is the price per square foot?
AA. $350
BB. $400✓ Correct
CC. $450
DD. $420
Explanation
Price per square foot = Sale Price / Square Footage = $960,000 / 2,400 = $400/sq ft. Price per square foot is a useful comparative metric in Hawaii's real estate market, where even small differences in location can produce significant differences in this metric.
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