Problema Solution
The real estate term lake frontage refers to the distance along the edge of a piece of property that touches a lake.
a)Find the lake frontage (to the nearest tenth of a yard) for each lot shown.
b)In general, the more lake frontage a lot has, the higher it's selling price. Which of the lots should be listed for the highest price?
c) Suppose that lot prices are in the same ratio as lake frontages. If the least expensive lot is $100,000, what are the prices of the other lots? Explain your reasoning.
Answer provided by our tutors
The real estate term lake frontage refers to the distance along the edge of a piece of property that touches a lake.
a)Find the lake frontage (to the nearest tenth of a yard) for each lot shown.
b)In general, the more lake frontage a lot has, the higher it's selling price. Which of the lots should be listed for the highest price?
c) Suppose that lot prices are in the same ratio as lake frontages. If the least expensive lot is $100,000, what are the prices of the other lots? Explain your reasoning.
Solution:
(a)
A: 50.9 yds
B: 58.4 yds
C: 64.7 yds
(b)
Lot C
(c)
The prices of the other lots are $114,735 and $127,112