Answer:
Area 1 is the best option
Step-by-step explanation:
Given Data:
Area 1 = 0.75 dam square
Price = €11,620
Area 2 = 0.009 ha
at €193,500
Area 3 = 0.84a
at €68,900
Where ha ( hectare )
a ( area )
Solution
First we convert all areas to square meter ( m² )
Area 1 = 100 * 0.75 dam square
= 75m²
Cost of area 1/ square meter
= €11,620 / 75m²
= €154.93 / square meter
Area 2 = 0.009 ha * 10,000
= 90m²
Cost of area 2 / square meter
= €193,500 / 90m²
= €2,150 / square meter
Area 3 = 0.84a * 100
= 84m²
= Cost of area 3 / square meter
= €68,900 / 84m²
= €820.23 / square meter
