Real Estate MathQuestion 118 of 120
A rectangular building is 40 feet wide and 80 feet long. At a construction cost of $120 per square foot, what is the total cost?
a.$38,400
b.$384,000
c.$3,840
d.$96,000
Explanation
First find the area: 40 ft x 80 ft = 3,200 square feet. Then multiply by cost per square foot: 3,200 x $120 = $384,000. Cost-per-square-foot calculations are common in the cost approach and construction estimates.
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