To find the area of a triangle, multiply the base by the height and divide by 2.
The figure shows a base of 98 ft and a height of 47 ft.
[tex] A = \dfrac{bh}{2} [/tex]
[tex] A = \dfrac{98~ft \times 47~ft}{2} [/tex]
[tex] A = 2,303 ~ft^2 [/tex]
Now that we know the area, we multiply it by the cost of the land per square foot.
2,303 ft^2 * $42.50/ft^2 = $97,877.50
He must pay $97,877.50