Question

A lot that measured 330' x 198' sold for $30,000.What was the cost per acre?

Answer 1

To calculate the cost per acre for a lot measuring 330' x 198' that sold for $30,000, one must calculate the total square footage, convert it to acres, then divide the price by the number of acres. The cost per acre in this case is $20,000.

Step-by-step explanation:

The student is asking about how to calculate the cost per acre of a lot that measures 330 feet by 198 feet and sold for $30,000. To find the cost per acre, you need to first calculate the total area of the lot in square feet and then convert that to acres. There are 43,560 square feet in an acre.

The total area of the lot is 330 feet × 198 feet = 65,340 square feet. Next, we convert the area to acres by dividing by 43,560 square feet per acre:

65,340 square feet ÷ 43,560 square feet/acre = 1.5 acres (approximately).

Then, we can find the cost per acre by dividing the total cost by the number of acres:

$30,000 ÷ 1.5 acres = $20,000 per acre.

Thus, the cost per acre of the lot is $20,000.

Answer 2

Step-by-step explanation:

To find the cost per acre of the lot, we need to follow these steps:

Convert square feet to acres:

1 acre = 43,560 square feet
Area of the lot in square feet = 330' x 198' = 65,340 square feet
Area of the lot in acres = 65,340 square feet / 43,560 square feet/acre ≈ 1.5 acres
Calculate the cost per acre:

Cost per acre = Total price / Total area in acres
Cost per acre = $30,000 / 1.5 acres ≈ $20,000/acre
Therefore, the cost per acre of the lot is approximately $20,000.