Real Estate Math
A Wyoming house has 2,400 square feet of living space and 600 square feet of garage. If the price is $360,000, what is the price per square foot of living area?
A$120
B$150✓ Correct
C$160
D$200
Explanation
Price per square foot of living area = Sale price / Living area = $360,000 / 2,400 = $150 per square foot. Garage space is typically excluded from the living area calculation in comparable sales analysis.
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