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a developer has 30 acres of land. three fourths of it can be sold as residential lots. his total asking sales price for these lots is $960,000. what price per square foot is he asking?
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43 votes
43 votes
a developer has 30 acres of land. three fourths of it can be sold as residential lots. his total asking sales price for these lots is $960,000. what price per square foot is he asking?

User Signine
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1 Answer

15 votes
15 votes

Answer:

Explanation: The Devaloper only can sell 3/4 parts of 30 Acres =22.5 Acres.

1 Acre is= 43,560 Sq ft

30x0.75=22.5

22.5x43,560=980,100 Sq ft

$960,000/980,100=0.98 Sq ft

User Grant Johnson
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