Costs of homes can be very different in different parts of the United States. a. A 450-square-foot apartment in New York City costs $540,000. What is the price per square foot? Explain or show your reasoning. b. A 2,100-square-foot home in Cheyenne, Wyoming, costs $110 per square foot. How much does this home cost? Explain or show your reasoning.

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

Step-by-step explanation:

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