Answer:
$1075000 is the cost to purchase both the lots.
Step-by-step explanation:
The first house lot was 250 feet by 300 feet.
If the cost of per square feet to purchase a lot was $5 then cost of first lot will be = 250×300×5 = $375000
Second house lot was 350 feet by 400 feet.
So to purchase this lot with $5 per square feet = 350×400×5 = $700000
Now total purchase price for buying both the lots will be = $375000 + $700000 = $1075000
Therefore, $1075000 is the cost to purchase both the lots.
