Question

Spade Realty sold lots for $23,240 per hectare. What is the total sales value if the lot sizes, in hectares, were 22, 34, 45?

a) $2,043,680
b) $3,257,760
c) $4,038,800
d) $6,258,800

Answer 1

To find the total sales value, multiply the price per hectare by the size of each lot and then add up the individual sales values. The correct answer is $2,043,680.

Step-by-step explanation:

To calculate the total sales value, we need to multiply the price per hectare by the size of each lot. The given price is $23,240 per hectare, and the sizes of the lots are 22, 34, and 45 hectares.

First, calculate the sales value for each lot:
Lot 1: $23,240 * 22 = $511,280
Lot 2: $23,240 * 34 = $790,960
Lot 3: $23,240 * 45 = $1,047,600

Next, add up the sales values of all the lots:
Total sales value = $511,280 + $790,960 + $1,047,600 = $2,349,840

Therefore, the correct answer is option a) $2,043,680.