Real Estate Math
A Vermont buyer purchases land at $2.50 per square foot. The lot is 0.75 acres. How much does the buyer pay? (1 acre = 43,560 sq ft)
A$71,550
B$81,675✓ Correct
C$91,900
D$108,900
Explanation
0.75 acres x 43,560 sq ft/acre = 32,670 sq ft. 32,670 x $2.50 = $81,675. Using the values given ($2.50), apply the appropriate formula.. The correct answer is $81,675.. This is a common calculation on the Vermont real estate exam.
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