The price of the given 240 ft by 400 ft for selling $400 will be $96000.
The selling price is also known as the list price, which is the price that a seller tells of good to the buyer while selling price is the price that the seller actually gets from the buyer after a deal. Sometimes, the selling price is different than the marked price. However, sometimes the selling price and the marked price could be related also. A fixed price shop, meaning that the shopper that does not have any kind of discount.
Given that the lot measuring 240 ft by 400 ft is selling for $400 a front foot so 2400 × 400 = 96000.
Hence, $96000 will be the price.
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