Mr Smith paid $30,000 for a rectangular lot 1,200 feet wide and 1,600 feet long. What is the approximate cost per square foot?

Question

Please show work so I can understand the problem... Thank you

Answer 1

First, figure out its area.
A = LW
A = 1200 * 1600
A = 1,920,000 square feet

Take it from there.

Answer 2

The book says the answer is 1.6 cents... how?

Answer 3

30,000 / 1,920,000 = ?