If you can help me you are a LEGEND! Okay, I am at work now and I am not that great at maths. Okay?
BySo I am a conveyancer but I am so stuck.
Our client is buying two lots on a property. He is buying Lots 10 and 12. There are 12 Lots on the property.
The council rates of $1120.82 have been paid for lots 1-12. I need to work out how much the council rates would be for just lots 10 and 12.
And no, I cant just divide it by 12 and then times it by two because some lots are larger than others.
Please Help Me!
Okay so,
Lot
1 is 1639 metres squared
2 is 1577 metres squared
3 is 1506 metres squared
4 is 1435 metres squared
5 is 1363 metres squared
6 is 1292 metres squared
7 is 1221 metres squared
8 is 1149 metres squared
9 is 1078 metres squared
10 is 1007 metres squared
11 is 935 metres squared
and 12 is 855 metres squared.
Okay now can you please tell me what to do!
I added all the metres squared up to be 15057 metres squared.
Then I divided 15057 by 1007 (lot 10)
Then I divided $1120.82 by the above answer.
I dont know what i am doing.
Please Help!
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2 Comments
October 17th, 2009 at 12:14 am
You’re close, but you’re doing one thing backwards.
(Lot area / Total area) * rate = rate for the lot
So (1007 / 15057) * $1120.82 = $74.96
October 20th, 2009 at 12:19 am
This is just a guess on how to do it, I’m not sure if I’m correct or not.
first divide the 1120.82 by the total amount of area to find how much it costs per meter squared.
that would be $1120.82 / 15057, which makes $.0744384672 per square meter.
then multiply this by lot 10 and 12 which is $.0744384672(1007 + 855).
this will be approximately 138.6044258, rounded to $138.61.