Real Estate Math
A property sold for $180 per square foot. The total sale price was $360,000. What is the size of the property in square feet?
A1,500 sq ft
B1,800 sq ft
C2,000 sq ft✓ Correct
D2,200 sq ft
Explanation
Size = Sale price ÷ Price per sq ft = $360,000 ÷ $180 = 2,000 sq ft. Using the values given ($180, $360,000), apply the appropriate formula.. The correct answer is 2,000 sq ft.. This is a common calculation on the Idaho real estate exam.
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