Real Estate Math
A South Carolina lot measuring 150 × 300 feet sells for $2.25 per square foot. What is the sale price?
A$90,125
B$97,500
C$101,250✓ Correct
D$105,750
Explanation
Area = 150 × 300 = 45,000 sq ft. Price = 45,000 × $2.25 = $101,250. Using the values given ($2.25), apply the appropriate formula.. The correct answer is $101,250.. This is a common calculation on the South Carolina real estate exam.
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