Final answer:
To find the price of the rectangular lot, multiply its length by its width to find the area. Then, multiply the area by the cost per square foot.
Step-by-step explanation:
To find the price of the rectangular lot, we need to calculate the area first. The area of a rectangle is equal to its length multiplied by its width. In this case, the length is 214 ft and the width (or frontage) is 75 ft. So the area of the lot is 214 ft x 75 ft = 16050 ft².
Next, we need to calculate the cost of the lot using the cost per square foot. Since the cost per square foot remains the same, we can multiply the area of the lot by the cost per square foot. But we need to determine the cost per square foot first.
Since the question doesn't provide the cost per square foot, we can't determine the exact price of the lot. Therefore, none of the given options (A, B, C, or D) can be correct. To find the price of the lot, we would need the cost per square foot.