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1 year ago

Six acres of prime undeveloped property are sold for $2.25 per square foot. how much did the buyer pay?

Business

1 answer:

muminat1 year ago

7 0

Six acres of prime undeveloped property are sold for $2.25 per square foot. The buyer should pay $588060

It is calculated as:

1 acre= 43560 sq ft.

Therefore 6 acre = 43560*6 = 261360 sq ft.

Property is sold for $2.25 per sq. ft

Therefore the price is calculated by multiplying the rate of per sq ft with the total sq ft area.

= 261360* $2.25

=$588060

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