A one-acre parcel is sold at $2.50 per square foot. What is the total selling price?

Study for the Real Estate Math Exam. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

A one-acre parcel is sold at $2.50 per square foot. What is the total selling price?

Explanation:
Converting area to square feet and then applying the price per square foot. One acre equals 43,560 square feet. Multiply by 2.50: 43,560 × 2.50 = 108,900. So the total selling price is $108,900. The other numbers would come from using a different area conversion or a different price per square foot, which aren’t correct for an acre at $2.50 per square foot.

Converting area to square feet and then applying the price per square foot. One acre equals 43,560 square feet. Multiply by 2.50: 43,560 × 2.50 = 108,900. So the total selling price is $108,900. The other numbers would come from using a different area conversion or a different price per square foot, which aren’t correct for an acre at $2.50 per square foot.

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