Real Estate Math
A Michigan property is 140 feet wide and 120 feet deep, and similar lots sell for $1.25 per sq ft. What is the estimated lot value?
A$21,000✓ Correct
B$25,200
C$18,000
D$16,800
Explanation
Area = 140 x 120 = 16,800 sq ft. Value = 16,800 x $1.
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