Question

What was the price per acre in 2013 if the acres where sold for $ 2,850,007.55 ?

Answer 1

It is given that the number of acres sold is 66.

It is also given that in 2013, the acres were sold for $2,850,007.55.

It is required to find the price per acre in the year 2013.

To do this, divide the price of the acres sold by the number of acres sold:

$\text{price per acre}=\frac{Price\text{ of acres}}{number\text{ of acres sold}}$

This implies that:

$\text{price per acre}=\frac{2850007.55}{66}=43181.9326\text{ dollars per acre}$

The required price per acre is $43,181.9326.