Real Estate Math
A Washington home's square footage is calculated at 1,850 SF and the cost to build new is $215/SF. What is the replacement cost of the improvements?
A$367,750
B$387,550
C$397,750✓ Correct
D$412,250
Explanation
Replacement cost = 1,850 SF × $215/SF = $397,750. Using the values given ($215), apply the appropriate formula..
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