Question

A 45p-square-foor apartment in NYC cost 540,000. A 2,100-square-foot apartment in cheyenne/ Wyoming costs 110 per square foot. Which is the better deal. Explain ?

Answer 1

The Cheyenne apartment, at a cost of $110 per square foot, is a much better deal compared to the NYC apartment's $1,200 per square foot. To conclude, the cost of life in Cheyenne is significantly cheaper.

Step-by-step explanation:

To determine which apartment is the better deal, we need to compare the cost per square foot for each. First, we calculate the cost per square foot for the apartment in NYC by dividing the total cost by the size of the apartment. Then, we compare it to the cost per square foot of the Cheyenne, Wyoming apartment.

For the NYC apartment:

• Cost = $540,000
• Size = 450 square feet
• Cost per square foot = $540,000 / 450 = $1,200 per square foot

For the Cheyenne apartment:

• Size = 2,100 square feet
• Cost per square foot = $110
• Total cost = 2,100 square feet * $110/square foot = $231,000

Comparing the cost per square foot of both apartments:

• NYC Apartment: $1,200 per square foot
• Cheyenne Apartment: $110 per square foot

The Cheyenne apartment is the better deal as it has a much lower cost per square foot at $110, compared to $1,200 for the NYC apartment.