Question

Revenue is projected at $125,000 for the month. you are seeking to have a rent of 8%. additionally, you have "common area" fees, which are 3% of your rent. how much, then, will you be spending on rent plus common area fees each month?

Answer 1

10,300

Step-by-step explanation:

Got it right on the restaurant management

Answer 2

To determine the amount of money that has to be spent for the rent and the "common area" fees, multiply the revenue by the decimal equivalent of the given percentages.
rent = ($125000)(0.08) = $10,000
"common area" fee = ($125000)(0.03) = $3750

Adding these numbers will give us the final answer of $13750.

ANSWER: $13750.