Real Estate Math
A Kansas agricultural property sold for $3,200 per acre. The property is the S½ of the NW¼ of a section. How many acres is this parcel, and what is the total sale price?
A80 acres / $256,000✓ Correct
B80 acres / $280,000
C160 acres / $512,000
D160 acres / $448,000
Explanation
NW¼ of a section = 160 acres. S½ of 160 acres = 80 acres. Sale price = 80 × $3,200 = $256,000. Using the values given ($3,200), apply the appropriate formula.. The correct answer is 80 acres / $256,000.. This is a common calculation on the Kansas real estate exam.
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