Real Estate Math
A Montana ranch is listed at $1,200 per acre. The ranch is 2 sections. How much is the asking price?
A$768,000
B$1,228,800
C$1,536,000✓ Correct
D$384,000
Explanation
One section = 640 acres. Two sections = 1,280 acres. Price = 1,280 x $1,200 = $1,536,000. Using the values given ($1,200), apply the appropriate formula.. The correct answer is $1,536,000.. This is a common calculation on the Montana real estate exam.
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