If a 64-acre tract is sold for $2.50 per square foot, what is the total price?

If a 64-acre tract is sold for $2.50 per square foot, what is the total price?

• A. $2,000,000
• B. $4,000,001
• C. $6,969,600
• D. $5,000,000

Answer: (C)

Converting acres to square feet and applying the price per square foot is the key. There are 43,560 square feet in one acre, so 64 acres equals 64 × 43,560 = 2,787,840 square feet. Multiply by $2.50 per square foot: 2,787,840 × 2.50 = 6,969,600. So, the total price is $6,969,600. The other options don’t fit because they don’t match the correct total that comes from the actual area in square feet times the given price per square foot.

Converting acres to square feet and applying the price per square foot is the key. There are 43,560 square feet in one acre, so 64 acres equals 64 × 43,560 = 2,787,840 square feet. Multiply by $2.50 per square foot: 2,787,840 × 2.50 = 6,969,600. So, the total price is $6,969,600. The other options don’t fit because they don’t match the correct total that comes from the actual area in square feet times the given price per square foot.