Answer:
487.87 lots
Step-by-step explanation:
Step 1
As we know that:
392 lots = 43,560 square feet per acre
Step 2
So total lots for 120 acres would be:
392 lots * 120 = 43560 square feet per acre * 120
47040 lots = 5,227,200 square feet per acre
Step 3
The land available is 70% of total square feet:
Land available = 5,227,200 * 70% = 3,659,040 square feet per acre
Step 4
Converting these square feet into adjusted square feet per lot according to our required square feet per lot measure
Because we want to keep 7500 sq feet in a single lot (7500 sq ft/ lot)
Adjusted square feet per lot according to our requirements= 3,659,040 square feet per acre / 7,500 = 487.87 lots