A four-unit residential property sold for $860,000. What is the indicated price per unit?
Correct Answer
B) $215,000
Why this is correct: Calculation: $860,000 ÷ 4 = $215,000. Why the other choices are wrong: $172,000 divides by five units and $286,667 by three, so both describe a building other than the one that sold; $860,000 is the whole-property price and is not a unit of comparison at all.
Why This Is the Correct Answer
Why this is correct: Calculation: $860,000 ÷ 4 = $215,000. Why the other choices are wrong: $172,000 divides by five units and $286,667 by three, so both describe a building other than the one that sold; $860,000 is the whole-property price and is not a unit of comparison at all.
More Sales Comparison Questions
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