Question

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 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

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.