Real Estate Math
A 6,000 sq ft lot sells at $12/sq ft. What is the sale price?
A$60,000
B$72,000✓ Correct
C$84,000
D$96,000
Explanation
Sale price: 6,000 sq ft × $12/sq ft = $72,000. Using the values given ($12), apply the appropriate formula.. The correct answer is $72,000.. This is a common calculation on the Rhode Island real estate exam.
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