Real Estate Math
A Indiana residential lot has a frontage of 75 feet and a depth of 140 feet. It sells for $2.50 per square foot. What is the sale price?
A$22,500
B$26,250✓ Correct
C$35,000
D$52,500
Explanation
Area = 75 × 140 = 10,500 sq ft. Price = 10,500 × $2.50 = $26,250. Using the values given ($2.50), apply the appropriate formula.. The correct answer is $26,250.. This is a common calculation on the Indiana real estate exam.
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