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A lot in a subdivision is being sold for $8.00 per square foot. It is 200 feet wide and 400 feet deep. How much does the lot cost?

Correct Answer

C) $640,000.00

Area = 200 × 400 = 80,000 sq ft. Cost = 80,000 × $8 = $640,000

Answer Options
A
$60,000.00
B
$120,000.00
C
$640,000.00
D
$920,000.00
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