One tract of land contains 25 acres. An adjoining tract of land is 1 square mile. The owners agreed to sell for $1,500 per acre.

Question

3 years ago

11

What was the total price of the 2 lots?

1 answer:

Firdavs [7] · Answer 1 · 2022-04-03T07:48:11+03:00

8 0

Answer:

$997,500

Step-by-step explanation:

Tract 1 = 25 acres

Tract 2 = 1 square mile

Cost of land per acre = $1500

Number of acres per square mile = 640 acres

Total number fo acres :

(Tract 1 + Tract 2)

(25 + 640) acres

= 665 acres

Total cost :

665 * $1500

= $997,500