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

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

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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