Question

PLEASE ANSWER ASAP

Farm Land
You are buying 60 acres of farm land at a cost of $685,000.
What is the cost per acre?
$
per acre
What would the cost be for 50 acres?
$
Round your answers to the nearest dollar as needed.

Answer 1

To find the cost per acre, divide the total cost by the number of acres: $685,000 / 60 acres = $11,416.67 per acre.

To find the cost for 50 acres, multiply the cost per acre by the number of acres: $11,416.67/acre * 50 acres = $558,333.5

So, the cost per acre is $11,417 and the cost for 50 acres would be $558,334.