Final answer:
The cost per front foot of a property that sold for $150,000 with a front footage of 450 feet is calculated by dividing the total cost by the front footage, resulting in $333 when rounded to the nearest dollar.
Step-by-step explanation:
The student is asking about the process to calculate the cost per front foot of a piece of property that has been sold. To find this, you need to divide the total cost of the lot by the number of front feet.
In this case, the formula to calculate the cost per front foot would be:
Cost per front foot = Total cost of the lot ÷ Front footage
Cost per front foot = $150,000 ÷ 450 feet
When you perform the calculation, you get:
Cost per front foot = $333.33
But the question asks to round to the nearest dollar, so the final answer would be:
$333 per front foot.