Real Estate Math
A rectangular lot is 75 feet wide and 160 feet deep. If land sells for $28 per square foot, what is the lot value?
A$336,000✓ Correct
B$280,000
C$224,000
D$300,000
Explanation
Area = 75 × 160 = 12,000 sq ft. Value = 12,000 × $28 = $336,000. Using the values given ($28), apply the appropriate formula.. The correct answer is $336,000.. This is a common calculation on the Massachusetts real estate exam.
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