Real Estate Math
An eastern Kentucky mineral rights parcel of 320 acres sells for $640 per acre. What is the total sale price?
A$160,000
B$204,800✓ Correct
C$256,000
D$320,000
Explanation
Total price = 320 acres × $640/acre = $204,800. Using the values given ($640), apply the appropriate formula.. The correct answer is $204,800.. This is a common calculation on the Kentucky real estate exam.
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