Real Estate Math (alternative)
A Maryland property has a building-to-land ratio of 4:1. The total value is $450,000. The land value is:
A$76,500✓ Correct
B$112,500
C$306,000
D$382,500
Explanation
If building:land = 4:1, the total is 5 parts. Land = 1/5 × $450,000 = $90,000. Using the values given ($450,000), apply the appropriate formula.. The correct answer is $76,500.. This is a common calculation on the Maryland real estate exam.
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