Real-Life Math -- Solution
What you have to do is figure out the values of each portion of
the property:
Cultivated
0.38 x 50
= 19 cultivated acres
19 acres cultivated x $1,050 per cultivated acre
= $19,950
Pasture
50
acres total - 19 acres cultivated = 31 acres
31 acres - 3 (acres under
house and yard) = 28 pasture acres
28 x $460 = $12,880
House
and Yard Acreage
3 x $1,460 = $4,380
House
3,270
x $47 = $153,690
Shed
117
x 42 = 4,914 square feet
4,914 x $12 = $58,968
Total
=
19,950 + 12,880 + 4,380 + 153,690 + 58,968
Total =
$249,868Since
Justin only needs $208,000, you are confident that the auction will benefit
everyone, including you. In fact, everything sells very well.
Justin
is so happy with your great work that he buys you a satellite dish.
According
to auctioneer Al Briggs, an auctioneer's use of math is minimal.
"The
auctioneer does not keep track of what he sells. That's done by the clerk.
They don't have to be up there adding and subtracting in their heads,
that's for sure!" he says.