Question

A one-acre parcel was listed for sale based on a price of $1.95 per square foot. What was the asking price of the parcel

Answer 1

$84,942

Step-by-step explanation:

Calculation for the asking price of the parcel

Using this formula

Parcel asking price=Acre square feet×Price per square foot

(Note that An acre is 43,560 square feet)

Let plug in the formula

Parcel asking price=43,560 x $1.95

Parcel asking price= $84,942

Therefore the asking price of the parcel will be $84,942