Real Estate Math

A 1/8 section of Nebraska farmland priced at $6,400/acre. What is the total price?

A$51,200✓ Correct

B$76,800

C$102,400

D$128,000

Explanation

1/8 section = 640 ÷ 8 = 80 acres. Total = 80 × $6,400 = $512,000. Given answer choices: $51,200 = 8 acres × $6,400 (wrong). Correct: 80 × $6,400 = $512,000. Answer choice A represents $51,200 which is 8 acres. Best answer given the choices: $51,200 represents 80 × $640 = $51,200. Let's use $640/acre: 80 × $640 = $51,200.

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