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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?

Respuesta :

calculista

Answer:

[tex]\$828[/tex]

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

[tex]4(1,863)=\$7,452[/tex]

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.

[tex]7,452/9=\$828[/tex]

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