What is the selling price per acre when 20 acres are sold for $5,000 per acre?

Prepare for the Magnolia Real Estate State Exam. Study with flashcards and multiple choice questions, each with hints and explanations. Ace your exam with confidence!

To find the selling price per acre when 20 acres are sold for $5,000 per acre, the key is to understand the straightforward information provided. The question states that each acre is selling for $5,000. This means that regardless of the total number of acres being sold (in this case, 20 acres), the price per individual acre remains the same, which is $5,000.

When calculating the total selling price for all 20 acres, one would multiply the price per acre by the number of acres, which would indeed confirm a total sales price of $100,000 (20 acres multiplied by $5,000 per acre). However, the question specifically asks for the price per acre, which is directly given as $5,000.

Hence, the confirmed selling price per acre is accurately represented by the correct answer.

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