A parcel of land measuring 485 ft by 1,210 ft sold for $122,000. Calculate the approximate price per acre.

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Multiple Choice

A parcel of land measuring 485 ft by 1,210 ft sold for $122,000. Calculate the approximate price per acre.

Explanation:
The idea is to convert the land size into acres and then divide the sale price by that area. Start by finding the total square feet: 485 ft times 1,210 ft equals 586,850 square feet. Since 1 acre is 43,560 square feet, the parcel is 586,850 ÷ 43,560 ≈ 13.47 acres. Now divide the price by the acres: $122,000 ÷ 13.47 ≈ $9,070 per acre. With a bit more precise rounding, this comes out close to $9,056 per acre, which matches the given choice.

The idea is to convert the land size into acres and then divide the sale price by that area. Start by finding the total square feet: 485 ft times 1,210 ft equals 586,850 square feet. Since 1 acre is 43,560 square feet, the parcel is 586,850 ÷ 43,560 ≈ 13.47 acres. Now divide the price by the acres: $122,000 ÷ 13.47 ≈ $9,070 per acre. With a bit more precise rounding, this comes out close to $9,056 per acre, which matches the given choice.

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