Question

land and sea corporation has just purchased some shoreline property, and according to their calculations it will cost 2.5 times as much to develop the land as much as it did to buy it. If land and sea believe it will end up spending a combined total of $13,457,500 on both the land and its developments, how much must be the land alone have cost?

Answer 1

5,383,000 / *improvments cost 8,074,500

Explanation:

if 2.5 is by 'times' then,

13,457,500 / 2.5 =

5,383,000

Which means the cost of the land is 5,383,000

To check just multiply:

5,383,000 x 2.5 = 13,457,500

*Extra

13,457,500 - 5,383,000

= the cost of improvements = 8,074,500

Hope this helps, and have a good day :)

Answer 2

$3,845,000

Explanation:

• Land cost = l
• Development cost = d
• Total cost = $13,457,500

As per given:

• d= 2.5 l

Then total is:

• l+2.5l= 13457500
• 3.5l= 13457500
• l= 13457500/3.5
• l= $3845000

Cost of the land alone is $3,845,000