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What was the price per acre in 2013 if the acres where sold for $ 2,850,007.55 ?

What was the price per acre in 2013 if the acres where sold for $ 2,850,007.55 ?-example-1
User Vladyslav
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1 Answer

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16 votes

It is given that the number of acres sold is 66.

It is also given that in 2013, the acres were sold for $2,850,007.55.

It is required to find the price per acre in the year 2013.

To do this, divide the price of the acres sold by the number of acres sold:


\text{price per acre}=\frac{Price\text{ of acres}}{number\text{ of acres sold}}

This implies that:


\text{price per acre}=(2850007.55)/(66)=43181.9326\text{ dollars per acre}

The required price per acre is $43,181.9326.

User Manish R
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