Real Estate Math
A 40-unit apartment complex in Salt Lake City sells for $8,000,000. What is the per-unit price?
A$200,000✓ Correct
B$160,000
C$250,000
D$180,000
Explanation
Per-unit price = $8,000,000 ÷ 40 = $200,000. Using the values given ($8,000,000), apply the appropriate formula.. The correct answer is $200,000.. This is a common calculation on the Utah real estate exam.
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