A parcel measures 198 feet by 330 feet. It sold for $30,000. What was the price per acre?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Study for the Washington Real Estate Fundamentals Rockwell Exam. Utilize flashcards, multiple choice questions with hints and explanations. Prepare thoroughly for your real estate career!

Multiple Choice

A parcel measures 198 feet by 330 feet. It sold for $30,000. What was the price per acre?

Explanation:
To figure price per acre, convert the parcel’s size from feet to acres and then divide the sale price by the number of acres. An acre is 43,560 square feet. The parcel is 198 feet by 330 feet, so its area is 198 × 330 = 65,340 square feet. That equals 65,340 / 43,560 = 1.5 acres. The price per acre is $30,000 ÷ 1.5 = $20,000 per acre. This also checks out since 1.5 acres × $20,000 equals $30,000. The other options would imply different acreages than 1.5.

To figure price per acre, convert the parcel’s size from feet to acres and then divide the sale price by the number of acres. An acre is 43,560 square feet. The parcel is 198 feet by 330 feet, so its area is 198 × 330 = 65,340 square feet. That equals 65,340 / 43,560 = 1.5 acres. The price per acre is $30,000 ÷ 1.5 = $20,000 per acre. This also checks out since 1.5 acres × $20,000 equals $30,000. The other options would imply different acreages than 1.5.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy