Free Pennsylvania Real Estate Practice Exam Practice Question
A tract of land is 500 feet wide and 1/5 that deep. If the tract sold for $4 per square foot, what was the price of the tract?
Correct Answer: C
Rationale: To determine the price of the tract, first calculate its area. The depth of the land is 1/5 of its width, which means it is 100 feet deep (500 feet ÷ 5). The area is then found by multiplying width and depth: 500 feet × 100 feet = 50,000 square feet.
Next, multiply the area by the price per square foot: 50,000 square feet × $4/square foot = $200,000.
Option A ($8,000) is incorrect as it miscalculates the area. Option B ($20,000) likely results from an incorrect multiplication of area or price. Option D ($200,000) is a misinterpretation of the price calculation. Thus, the correct area and pricing lead to $200,000.
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