Real Estate Math
A Wyoming property owner received $54,000 from selling 3/4 of a section of land (480 acres). What was the price per acre?
A$75
B$112.50✓ Correct
C$127.50
D$225
Explanation
1 section = 640 acres. 3/4 of a section = 3/4 x 640 = 480 acres. Price per acre = $54,000 / 480 = $112.50 per acre.
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