If you sell a 2,300 square foot house for $192,000, what is the price per square foot?

To determine the price per square foot of the house, you take the total sale price and divide it by the total square footage. In this case, you have a house that is 2,300 square feet sold for $192,000.

Using the formula: Price per square foot = Total Price / Total Square Footage

Substituting the given values: Price per square foot = $192,000 / 2,300 square feet

When you perform this calculation, you find that the price per square foot comes out to approximately $83.48.

This method of calculating price per square foot is commonly used in real estate to provide a quick reference for comparing values of different properties. The correct answer reflects an accurate division, demonstrating an understanding of how to evaluate property pricing effectively.