Respuesta :
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:
[tex]\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[/tex]
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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