Final answer:
To find the price of the rectangular lot, we need to calculate the area of the lot first. Then, we multiply the area by the cost per square foot to determine the price. However, the cost per square foot is not provided in the question.
Step-by-step explanation:
To find the price of the rectangular lot, we need to calculate the area of the lot first. The frontage and depth of the lot are given as 75 ft and 214 ft respectively. To calculate the area, we multiply these two dimensions: 75 ft x 214 ft = 16,050 sq ft.
Next, we need to calculate the price by multiplying the area by the cost per square foot. Since the cost per square foot remains the same, we can assume that it is a constant value. Let's say it's $X per square foot.
Therefore, the price of the rectangular lot would be: 16,050 sq ft x $X/sq ft. However, the cost per square foot is not provided, so we cannot determine the exact price of the lot.