Question

A developer was buying land.He bought 4 acres at $1,863 per acre.He then split the land he purchased into 9 lots.How much should he sell each lot for just to break even?

Answer 1

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

$4(1,863)=\ 7,452$

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.

$7,452/9=\ 828$