Question

Farmer Donald is selling two parcels of land together. One of the parcels is one square mile and the other parcel is five acres. The sale price is $2,100 per acre. What is the total sale price of the property Donald is selling?

a) $178,500
b) $793,475
c) $1,354,500
d) $10,500

Answer 1

The answer to your question is: c) $1354500

Explanation:

Data:

Parcel1 = P1 = 1 mi2

Parcel2= P2= 5 acres

Price = $2100 / acre

Total price =

Need to convert 1 mi2 to acres

1 acre ------------------------ 0.001563 mi2

x ------------------------- 1 mi2

x = 639.8 acres

Now

1 acre ------------------------- $2100

639.8 acres ----------------- x

Parcel 1 cost = $1343580

1 acre ------------------------- $2100

5 acres --------------------- x

x = 10500

Total cost = cost P1 + cost P2

Total cost = $1343580 + $10500 = $ 1354080 The closest is letter c