Real Estate MathQuestion 118 of 120
A rectangular house has exterior dimensions of 40 feet by 50 feet. If construction costs $120 per square foot, what is the estimated construction cost?
a.$96,000
b.$240,000
c.$24,000
d.$2,400,000
Explanation
The area is 40 x 50 = 2,000 square feet. Multiply by the cost per square foot: 2,000 x $120 = $240,000.
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