The formula to calculate the Cost Per Acre (CPA) is:
\[ CPA = \frac{CL}{LA} \]
where \( CPA \) is the cost per acre, \( CL \) is the cost of land, and \( LA \) is the total land area.
A cost per acre is a unit of measure that describes the cost of one unit of land that has the area of an acre. This is the most common method for pricing large plots of land.
Let's assume we have the following values:
Step 1: Divide the cost of land by the total land area:
\[ CPA = \frac{500,000}{50} = 10,000 \text{ dollars per acre} \]
Therefore, the Cost Per Acre (CPA) is \( CPA = 10,000 \) dollars per acre.
