Answer:
$375,000
Step-by-step explanation:
Multiply the total area by the cost per square foot:
This unit cost is:
$5
-------
ft^2
and the area of the lot is (250 ft)(300 ft) = 75000 ft^2. Thus, the total cost will be:
$5
-------- * 75000 ft^2 = $(5)(75000) = $375,000
ft^2
The total purchase price of the lot will be $375,000.
