Question

What is the total cost of an office space in New York City that measures 2,500 square feet and sells for $565 per square foot?

a) $1,412,500
b) $1,187,500
c) $1,412,750
d) $1,187,750

Answer 1

The total cost of the 2,500 square foot office space at $565 per square foot is $1,412,500.

Step-by-step explanation:

The total cost of an office space in New York City that measures 2,500 square feet and sells for $565 per square foot can be calculated by multiplying the price per square foot by the total number of square feet. Therefore, you would calculate the cost as follows:

2,500 square feet × $565 per square foot = $1,412,500.

This calculation provides you with the total cost of the office space. Hence, the correct answer is option (a) $1,412,500.