Question

You are looking to purchase a small piece of land in Hong Kong. The price is "only" $60,000 per square meter! The land title says the dimensions are 20m×30 m. By how much would the total price change if you measured the parcel with a steel tape measure on a day when the temperature was 20ºC above normal?

a) $180,000
b) $360,000
c) $540,000
d) $720,000

Answer 1

The total price of the land would be $36,000,000.

Step-by-step explanation:

If the land dimensions are 20m x 30m and the price is $60,000 per square meter, we can calculate the total price by multiplying the area of the land by the price per square meter:

Total Price = (20m * 30m) * $60,000/m²

= 600m² * $60,000

= $36,000,000

The total price of the land is $36,000,000.