If John's home has a total square footage of 1,092 and the replacement cost is $110/Sqft, what is the total replacement cost?

To determine the total replacement cost of John's home, one needs to calculate the cost by multiplying the total square footage by the replacement cost per square foot. In this case, John's home has a total square footage of 1,092, and the replacement cost is $110 per square foot.

The calculation is as follows:

Total Replacement Cost = Total Square Footage × Replacement Cost per Square Foot Total Replacement Cost = 1,092 Sqft × $110/Sqft Total Replacement Cost = $120,120

Therefore, the total replacement cost is $120,120, which aligns with the selected answer. Understanding this calculation is essential for correctly assessing property values and insurance needs in real estate. The process demonstrates how to apply a straightforward multiplication to derive significant financial metrics in real estate practice.