Question

A lot with a depth of 80 ft and an area of 4,800 sq ft was sold for $350 per front foot. What was the total sales price?

A) $35,000
B) $21,000
C) $28,000
D) $31,800

Answer 1

The total sales price of the lot is $21,000.

Step-by-step explanation:

To find the total sales price of the lot, we need to calculate the frontage of the lot and multiply it by the price per front foot. The area of the lot can be used to calculate the depth.

Given that the area of the lot is 4,800 sq ft and the depth is 80 ft, we can divide the area by the depth to find the frontage:

1. Frontage = Area / Depth
2. Frontage = 4,800 / 80
3. Frontage = 60 ft

Now, we can calculate the total sales price:

1. Total Sales Price = Frontage * Price per front foot
2. Total Sales Price = 60 * $350
3. Total Sales Price = $21,000

Therefore, the total sales price of the lot is $21,000.