If a rural property contains 80 acres and is sold for $2,000 per acre, what is the total sales 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

If a rural property contains 80 acres and is sold for $2,000 per acre, what is the total sales price?

Explanation:
Total sales price is found by multiplying the number of acres by the price per acre. With 80 acres at $2,000 per acre, the calculation is 80 × 2,000 = 160,000. So the total sales price is $160,000. This makes sense because you’re adding $2,000 for each of the 80 acres. The other amounts would come from using a different number of acres: 100 acres would be $200,000, 50 acres would be $100,000, and 40 acres would be $80,000.

Total sales price is found by multiplying the number of acres by the price per acre. With 80 acres at $2,000 per acre, the calculation is 80 × 2,000 = 160,000. So the total sales price is $160,000. This makes sense because you’re adding $2,000 for each of the 80 acres. The other amounts would come from using a different number of acres: 100 acres would be $200,000, 50 acres would be $100,000, and 40 acres would be $80,000.

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