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What is the cost per square foot for a (50 ft. x 230 ft.) rectangular lot that is selling for $8625.

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First you have to find the area, which is 11,500ft. Then you divide the cost of the land by the area (8625/11500) which equals 0.75. So it is 75 cents per square foot of land.
Hope this helped!
User Alix Lourme
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