Real Estate Math
In South Dakota, a 40-acre parcel (1/16 section) priced at $320,000. What is the price per acre?
A$6,000
B$7,000
C$8,000✓ Correct
D$9,000
Explanation
Price per acre = $320,000 ÷ 40 acres = $8,000 per acre. Using the values given ($320,000), apply the appropriate formula..
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