Real Estate MathPregunta 118 de 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
Explicación
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.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A seller wants to net $188,000 after paying a 6 percent commission on the sale price. What must the sale price be (rounded)?
- A mortgage loan of $150,000 has an annual interest rate of 6 percent. How much interest accrues in the first month (simple interest)?
- A buyer pays 2 discount points on a $180,000 loan. How much do the points cost?
- Annual property taxes of $2,400 are paid in arrears. At a closing on July 1, using a 360-day year, how much does the seller owe for the 6 months already elapsed?
- An agent receives a 3 percent share of a $500,000 sale, then keeps 70 percent after a 30 percent brokerage split. What is the agent's take-home amount?
- A property assessed at $250,000 is taxed at a millage rate of 20 mills. What is the annual tax?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Florida Real Estate Sales Associate Licensing Exam · Cómo revisamos