To find the price per front foot of the property, you need to first calculate the total front footage of the rectangular parcel.
Given:
- The rectangular parcel is 5.5 acres.
- It has a depth of 400 feet.
To find the width (or front footage) of the parcel, you first need to find the length. Since 1 acre equals 43,560 square feet:
Now you have the total width (front footage) of the rectangular parcel.
Finally, to find the price per front foot, divide the total amount received by the width:
Price per front foot=$800,000598.95 ftPrice per front foot=598.95 ft$800,000
Price per front foot≈$1335.67Price per front foot≈$1335.67
So, the price per front foot of the property is approximately $1335.67.
To find the price per front foot of the property, you need to first calculate the total front footage of the rectangular parcel.
Given:
- The rectangular parcel is 5.5 acres.
- It has a depth of 400 feet.
To find the width (or front footage) of the parcel, you first need to find the length. Since 1 acre equals 43,560 square feet:
To find the price per front foot of the property, you need to first calculate the total front footage of the rectangular parcel. Given: The rectangular parcel is 5.5 acres. It has a depth of 400 feet. To find the width (or front footage) of the parcel, you first need to find the length. Since 1 acre equals 43,560 square feet: Find the total area of the parcel in square feet: 5.5 acres × 43 , 560 sq ft/acre = 239 , 580 sq ft 5.5 acres×43,560 sq ft/acre=239,580 sq ft Knowing that the area of a rectangle is width multiplied by length, you can rearrange the formula to find the width: � � � � � ℎ = � � � � � � � � ℎ Length=WidthArea � � � � ℎ = � � � � � � � � � ℎ Width=LengthArea Since the length is the depth given (400 feet): � � � � ℎ = 239 , 580 sq ft 400 ft = 598.95 ft Width=400 ft239,580 sq ft=598.95 ft Now you have the total width (front footage) of the rectangular parcel. Finally, to find the price per front foot, divide the total amount received by the width: Price per front foot = $ 800 , 000 598.95 ft Price per front foot=598.95 ft$800,000 Price per front foot ≈ $ 1335.67 Price per front foot≈$1335.67 So, the price per front foot of the property is approximately $1335.67.- Knowing that the area of a rectangle is width multiplied by length, you can rearrange the formula to find the width: �����ℎ=��������ℎLength=WidthArea����ℎ=���������ℎWidth=LengthArea
- Since the length is the depth given (400 feet): ����ℎ=239,580 sq ft400 ft=598.95 ftWidth=400 ft239,580 sq ft=598.95 ft
Now you have the total width (front footage) of the rectangular parcel.
Finally, to find the price per front foot, divide the total amount received by the width:
Price per front foot=$800,000598.95 ftPrice per front foot=598.95 ft$800,000
Price per front foot≈$1335.67Price per front foot≈$1335.67
So, the price per front foot of the property is approximately $1335.67.