A parcel of land measuring 485 ft by 1,210 ft sold for $122,000. What is the approximate price per acre?

To find the approximate price per acre of the parcel of land, we first need to calculate the area of the land in square feet. The area can be found by multiplying the length by the width:

Area = Length × Width
Area = 485 ft × 1,210 ft
Area = 587,850 square feet.

Next, we convert square feet into acres since there are 43,560 square feet in one acre:

Area in acres = Area in square feet ÷ Square feet per acre
Area in acres = 587,850 sq ft ÷ 43,560 sq ft/acre
Area in acres ≈ 13.48 acres.

Now that we have the area in acres, we can determine the price per acre by dividing the total selling price by the number of acres:

Price per acre = Total selling price ÷ Area in acres
Price per acre = $122,000 ÷ 13.48 acres
Price per acre ≈ $9,056.

This calculation shows that the approximate price per acre of the land is around $9,056, which corresponds to the correct answer. This process emphasizes the importance of converting units appropriately and ensuring accurate calculations when evaluating real estate values.