Real Estate Math
An Oregon investor pays $875,000 for a commercial building with 5,000 square feet. What is the price per square foot?
A$175 per sq ft✓ Correct
B$180 per sq ft
C$165 per sq ft
D$200 per sq ft
Explanation
Price per sq ft = $875,000 ÷ 5,000 sq ft = $175 per sq ft. Using the values given ($875,000), apply the appropriate formula..
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