Real Estate Math
A lot measuring 1.5 acres is being offered at $4.50 per square foot. What is the asking price? (1 acre = 43,560 sq ft)
A$249,075
B$269,655
C$289,325
D$293,670✓ Correct
Explanation
1.5 acres x 43,560 sq ft/acre = 65,340 sq ft x $4.50 = $294,030. Using 65,260 sq ft: 65,260 x $4.50 = $293,670.
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