Question

What is the total purchase price of a lot that is 250 feet by 300 feet with the cost of each square foot is 5$

Answer 1

$375,000

Explanation:

Multiply the total area by the cost per square foot:

This unit cost is:

$5

-------

ft^2

and the area of the lot is (250 ft)(300 ft) = 75000 ft^2. Thus, the total cost will be:

$5

-------- * 75000 ft^2 = $(5)(75000) = $375,000

ft^2

The total purchase price of the lot will be $375,000.