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Adler Realty Company purchased a plot of ground for $900,000 and spent $2,100,000 in developing it for building lots. The lots were classified into Highland,

Adler Realty Company purchased a plot of ground for $900,000 and spent $2,100,000 in developing it for building lots. The lots were classified into Highland, Midland. and Lowland grades, to sell at $100,000, $75,000, and $50,000 each, respectively

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