If the selling price of a lot is $4,500 and it has 200 front feet, what is the selling price per front foot?

To determine the selling price per front foot, you need to divide the total selling price of the lot by the number of front feet. In this case, the selling price of the lot is $4,500, and it has 200 front feet.

You would perform the calculation as follows:

Selling Price per Front Foot = Total Selling Price / Number of Front Feet

So,

Selling Price per Front Foot = $4,500 / 200 = $22.50

This means that the selling price per front foot is $22.50, confirming that the correct answer is indeed the first option. This method of calculating price per unit is commonly used in real estate to help buyers and sellers understand the market value in relation to the frontage of a property, which can be an important factor in valuation.