Question

A 4-bedroom, 4-bath 4,875 square feet 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

Answer: He gets $86.71 per square foot

Step-by-step explanation:

Hi, to answer this question we have to analyze the information given:

Area = 4,875 square feet

Price = $445,000

First, we have to divide the price of the house by the area, to obtain the price per square foot:

Mathematically speaking:

$445,000 / 4,875 square feet = $91.2 per square foot (original price)

Now we have to multiply it by the offer in decimal form (95/100 =0.95)

$91.2 x 0.95 = 86.71 per square foot

He gets $86.71 per square foot.

Feel free to ask for more if needed or if you did not understand something.