Real Estate Math
A 1-acre lot sells for $65,000 in Vermont. What is the price per square foot? (1 acre = 43,560 sq ft)
A$1.29
B$1.49✓ Correct
C$1.79
D$2.49
Explanation
Price per sq ft = $65,000 ÷ 43,560 = $1.492 ≈ $1.49. Using the values given ($65,000), apply the appropriate formula.. The correct answer is $1.49.. This is a common calculation on the Vermont real estate exam.
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