Question

A four-bedroom, four-bath, 4,875-square-foot house was listed at $445,000. Andreas, the seller, accepted an offer that was 95% of the listing price. What price per square foot did he get for the house

Answer 1

The price per square foot available to Andreas on the listed cost of the house, that is, $445,000 with an area of 4,875 square feet is $86.71.

What is the price per square foot?

Price per square foot is the cost price of a house in terms of per square foot. It can be determined by dividing the cost of a household by the area of the house in square feet.

Given values:

Cost of house = $445,000

Area of house (in square foot) = 4,875

Accepted ratio of listing price = 95%

Computation of price per square foot:

$\rm\ Price \rm\ per \rm\ square \rm\ foot=\rm\ \frac{\rm\ Cost \rm\ of \rm\ house}{\rm\ Area \rm\ of \rm\ house}\times \rm\ Accepted \rm\ ratio\\\rm\ Price \rm\ per \rm\ square \rm\ foot=\frac{\ 445,000}{4,875}\times 95\%\\\rm\ Price \rm\ per \rm\ square \rm\ foot=\ 91.20\times95\%\\\rm\ Price \rm\ per \rm\ square \rm\ foot=\ 86.71$

Therefore, Andreas gets the price per square foot for the house is $86.71.

To learn more about the price per square foot here:

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