If a 64-acre tract is sold for $2.50 per square foot, what is the total price?

• A. $2,000,000
• B. $4,000,001
• C. $6,969,600
• D. $5,000,000

Answer: (C)

Converting acres to square feet and applying the price per square foot is the key. There are 43,560 square feet in one acre, so 64 acres equals 64 × 43,560 = 2,787,840 square feet. Multiply by $2.50 per square foot: 2,787,840 × 2.50 = 6,969,600. So, the total price is $6,969,600. The other options don’t fit because they don’t match the correct total that comes from the actual area in square feet times the given price per square foot.