If sixteen acres of commercial land sell for $720,000, how much will 200 acres cost ?
Take your time. The answer is posted below the wildlife photograph.
A. 9 million dollars
Divide 720 thousand by sixteen to get the price per commercial acre sold.
The answer is 45 thousand dollars per acre.
Multiply 45 thousand times 200 and we see that 200 acres of commercial land will cost 9 million dollars.