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A lakefront property sold for $550,000 with 550 feet of lake frontage. About how much did it sell per front foot?

Correct Answer

B) $1,000 per front foot

Price per front foot = $550,000 ÷ 550 = $1,000 per front foot

Answer Options
A
$50 per front foot
B
$1,000 per front foot
C
$1,250 per front foot
D
$1,500 per front foot
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