Question
Suppose you buy land for $3,200,000 and spend $1,300,000 to develop the property. You then divide...
Suppose you buy land for $3,200,000 and spend $1,300,000 to
develop the property. You then divide the land into lots as
follows:
Category Sale Price per Lot
10 Hilltop Lots $525,000
10 Valley Lots $350,000
How much did each hilltop lot cost you?
Homework Answers
Answer #1
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