Real Estate Math
A New Mexico lot is 100 feet × 150 feet. If building coverage is limited to 40% of the lot, what is the maximum building footprint allowed?
A3,000 sq ft
B4,500 sq ft
C6,000 sq ft✓ Correct
D15,000 sq ft
Explanation
Lot area = 100 × 150 = 15,000 sq ft. Maximum building footprint = 15,000 × 0.40 = 6,000 sq ft. Apply the appropriate real estate math formula to arrive at the answer.. The correct answer is 6,000 sq ft.. This is a common calculation on the New Mexico real estate exam.
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