Question

Problem 3
Costs of homes can be very different in different parts of the United States.

A 450-square-foot apartment in New York City costs $540,000. What is the price per square foot? Explain or show your reasoning.
A 2,100-square-foot home in Cheyenne, Wyoming, costs $110 per square foot. How much does this home cost? Explain or show your reasoning.

Answer 1

In New York,
Area of land= 450square foot
Cost of above land=$540000
Price of 1 square foot land = 540000/450
= $1200