A lot with dimensions of 560 feet x 600 feet sold for $195,000. What was the cost per front foot?

Rationale

The cost per front foot is $348.

To find the cost per front foot of the lot, we first need to determine the total number of front feet. Given the dimensions of 560 feet and 600 feet, the cost per front foot can be calculated by dividing the total price by the number of front feet, which is 600 feet.

A ($135,000 per front foot) YOUR ANSWER

This option incorrectly suggests an excessively high cost per front foot. To arrive at this figure, one would have to miscalculate the total cost or the front feet, as the actual calculation shows a much lower value based on the given dimensions and total price.

B ($348 per front foot) CORRECT

This choice is correct. The total cost of $195,000 divided by the front feet (600) results in a cost of $348 per front foot, demonstrating accurate calculation based on the provided dimensions.

C ($666 per front foot) YOUR ANSWER

This option represents a significant overestimation of the cost per front foot. It implies a total cost that would not align with the given price of $195,000, suggesting a misunderstanding of the relationship between total cost and front feet.

D ($780 per front foot) YOUR ANSWER

This choice also indicates a miscalculation of the cost per front foot. A cost of $780 would imply either a different total price or fewer front feet than provided in the problem, making it impossible under the given parameters.

Conclusion

Calculating the cost per front foot requires dividing the total cost by the number of front feet. With the given dimensions of 600 feet, the correct cost per front foot is $348. Other options misrepresent the numerical relationship between total cost and front feet, leading to incorrect conclusions. Understanding these calculations is vital for accurate real estate evaluations.

A lot with dimensions of 560 feet x 600 feet sold for $195,000. What was the cost per front foot?

The cost per front foot is $348.

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