Question

a home building contractor bought 4 2/8 acres for $165,000. What was the cost of each acre? (round to nearest dollar.)

Answer 1

Answer: $38,824

Step-by-step explanation:

Convert the mixed number $4\ \frac{2}{8}$ as a decimal number.

Divide the numerator by the denominator and add it to the whole number 4. Then:

$4+0.25=4.25acres$

Then, knowing that 4.25 acres cost $165,000 , divide this amount by 4.25 acres to find the cost of each acre.

Therefore, you get that the cost of each acre rounded to nearest dollar is:

$cost=\frac{\ 165,000}{4.25}\\cost=\ 38,824$

Answer 2

Answer:

$ 38,824

Step-by-step explanation:

Total Area of land that was bought = $4\frac{2}{8}$ acres

Total Cost of this area = $ 165,000

We have to find the cost of 1 acre of land.

Cost of $4\frac{2}{8}$ acres of land = $ 165,000

Dividing both sides by $4\frac{2}{8}$, we get:

Cost of 1 acre of land = $ 165,000 ÷ $4\frac{2}{8}$

= $ 38,824

Thus the cost of each acre of land  is $ 38,824 (rounded to nearest dollar)