Real Estate Math
A North Dakota farm of 480 acres sells for $1,920,000. What is the price per acre?
A$3,000
B$4,000✓ Correct
C$3,500
D$5,000
Explanation
Price per acre = Total price ÷ Number of acres = $1,920,000 ÷ 480 = $4,000 per acre. Agricultural land in North Dakota is frequently valued on a per-acre basis.
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