A developer was buying land. He bought 4 acres at $1,863 per acre. He then spilt the land he purchased into 9 lots. How much sho
uld he sell each lot for just to break even.
1 answer:
answer: 828$
Step-by-step explanation:
step 1
Find out the total cost of the land
Multiply the total area in acres by $1,863 per acre
step 2
we know that
To determine the selling price of each lot to reach break even, divide the total cost by the number of lots.
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