Question

A man buys 4.5 acres of land for $78,400. an adjoining owner wants to purchase a strip of this land measuring 150 feet by 100 feet. what should this strip cost the adjoining owner if the owner sells it for the same price per square foot he originally paid for it

Answer 1

They should be paying $5,850 for the strip of land. Paying the original price of $0.40 per square foot. One acre is 43,560 sq/ft if you times that by 4.5 and then times that by .40 and you drive at the purchase price.