Real Estate Math
A South Dakota ranch of 800 acres sells at $2,000/acre. What was the total sale price?
A$800,000
B$1,200,000
C$1,600,000✓ Correct
D$2,000,000
Explanation
Total price = 800 acres × $2,000/acre = $1,600,000. Using the values given ($2,000), apply the appropriate formula.. The correct answer is $1,600,000.. This is a common calculation on the South Dakota real estate exam.
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