Real Estate Math
A residential lot in Louisville measures 50 feet wide by 150 feet deep. The seller wants $25 per square foot. What is the asking price?
A$175,000
B$187,500✓ Correct
C$200,000
D$225,000
Explanation
Area = 50 × 150 = 7,500 sq ft. Price = 7,500 × $25 = $187,500. Using the values given ($25), apply the appropriate formula.. The correct answer is $187,500.. This is a common calculation on the Kentucky real estate exam.
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