Question

An investor just purchased a rectangular 2-acre retail lot for $250 a frontage foot. If she paid $100,000 total, what was the depth of the lot

Answer 1

The lot depth is 217.8

Step-by-step explanation:

The total amount paid = $100000

The price of a lot = $250

Total frontage feet = 100000 / 250 = 400 frontage feet.

Now, we know that 1 acre = 43560 square feet

Therefore, 2 acres = 87120 square feet

Now, divide the 87120 with 400 to find the depth of the lot.

The lot depth = 87120 / 400 = 217.8