Costs of homes can be very different in different parts of the United States. 1. A 450-square-foot apartment in New York City costs $540,000. For this home, the cost per square foot is . 2. A 2,100-square-foot home in Cheyenne, Wyoming, costs $110 per square foot. The cost of this home is .

The answer is below

Explanation:

The cost of homes per square foot differs in different part of the United states. The cost of homes per square foot is gotten by using the formula:

cost of homes per square foot = Cost of apartment / area of apartment

1) Cost of apartment = $540000, area of apartment = 450 ft²

cost of homes per square foot = Cost of apartment / area of apartment = $540000/ 450 ft² = $1200 / ft²

2) cost of homes per square foot = $110/ ft²,  area of apartment = 2100 ft²

cost of homes per square foot = Cost of apartment / area of apartment

$110 / ft² = Cost of apartment / 2100 ft²

Cost of apartment = $110 / ft² × 2100 ft² = $231000