32. A lot with dimensions of 560 feet x 600 feet sold for $195,000. What was the cost per front foot?
Answer: B
The cost per front foot is $348.
To determine the cost per front foot, we first identify the front footage of the lot, which is the width of the property. Given the dimensions of 560 feet in width and a total sale price of $195,000, we calculate the cost per front foot by dividing the total price by the front footage.
A) $135,000 per front foot
This option is incorrect as it suggests an unrealistically high cost per front foot. To arrive at this figure, one would have to miscalculate the dimensions or the total price significantly, which does not reflect the given data.
B) $348 per front foot
This option is correct. The cost per front foot is calculated by dividing the total price of $195,000 by the front footage of 560 feet, resulting in approximately $348 per front foot. This accurately reflects the cost associated with the width of the lot.
C) $666 per front foot
This option is incorrect as it implies a much higher price per front foot than what is calculated. The figure would suggest an erroneous calculation of the total price or front footage, leading to an inflated cost that does not align with the actual figures provided.
D) $780 per front foot
This option is also incorrect. The cost per front foot of $780 would indicate an extreme overestimation based on the total price of $195,000 and the lot's width of 560 feet, leading to a miscalculation that does not correspond with the provided information.
Conclusion
The correct calculation of the cost per front foot is $348, which is obtained by properly dividing the total sale price by the lot's width. All other options fail to reflect a reasonable or accurate calculation based on the dimensions and total price given in the question. Thus, option B stands out as the only valid answer.