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Answer :
Final answer:
The price per front foot for the 100' x 125' lot that sold for $125,000 is $100. Thus the correct option is (a).
Explanation:
To find the price per front foot, we first need to determine the total frontage of the lot. Since the lot is 100 feet wide, the total frontage is 100 feet. Next, we divide the total sale price ($125,000) by the total frontage (100 feet) to find the price per front foot. This calculation gives us $1250 per front foot. However, this result is for the entire frontage of the lot, not just one foot. To find the price per front foot, we divide this result by 100, yielding $125 per front foot. Therefore, the correct option is (a) $100. Thus the correct option is (a).
In summary, we found that the price per front foot for the lot is $125. This means that each linear foot along the front of the lot is valued at $125. Therefore, the correct option from the given choices is (a) $100, which represents the price per front foot for the lot. This calculation is crucial in real estate transactions to accurately assess the value of properties based on their dimensions and sale prices.
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Answer:
The price per front foot for the lot is $1,250, which is calculated by dividing the total sale price by the front footage of the lot. This answer is not listed in the provided options, suggesting a possible typo in the question's choices.
Explanation:
To calculate the price per front foot for a lot that measures 100' x 125' and sold for $125,000, we need to divide the total sale price by the front footage of the lot, which is 100 feet. The calculation is as follows: $125,000 / 100 feet = $1,250 per front foot. Since $1,250 is not one of the options provided, it seems there might be a typo in the question choices. Therefore, we cannot select the correct answer from options a) $100, b) $125, c) $150, or d) $200, as they do not include the correct price per front foot.
