Real Estate Math
A South Dakota commercial lot is 150 feet wide and 200 feet deep. The seller wants $12 per square foot. What is the asking price?
A$270,000
B$300,000
C$360,000✓ Correct
D$420,000
Explanation
Area = 150 × 200 = 30,000 sq ft. Price = 30,000 × $12 = $360,000. Using the values given ($12), apply the appropriate formula.. The correct answer is $360,000.. This is a common calculation on the South Dakota real estate exam.
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