What is the gross sales price from the sale of all lots?

To determine the correct gross sales price from the sale of all lots, consider the total units that were sold and the price per unit. If the calculation involves multiple lots sold at a specific price or if there are additional factors like square footage or amenities impacting the price, establishing a formula for calculating the total gross sales price is necessary.

If the total units amount to 960 lots sold at an average price of $1,200 per lot, for example, the calculation would be:

Total Gross Sales Price = Number of Lots Sold × Sale Price per Lot

Total Gross Sales Price = 960 lots × $1,200/lot = $1,152,000.

This computation indicates that the total amount generated from selling all lots corresponds to $1,152,000, confirming the accuracy of this choice based on common appraisal calculations involving aggregate data over numerous parcels or lots.

The other figures mentioned could represent incorrect calculations based on an inaccurate understanding of the sale prices and quantities involved, potentially leading to misleading estimates of revenue generated from the lot sales. Therefore, confirming that the total price listed as $1,152,000 correctly reflects the gross sales achieved provides reassurance of this answer's validity.