Question

Revenue is project at 249,000 for the month. You are seeking to have a rent equal to 8% of revenue. Additionally, you have “Common Area “ fees , which are 2% of your RENT. How much will you spend on rent plus common area fee each month?

A) 17,779
B) 19,070
C) 20,318
D)22,312

Answer 1

C) 20,318

Step-by-step explanation:

The projected revenue for the month is 249,000

Desired monthly rent is 8% of revenue,

monthly rent will be

=8% of 249,000

=0.08 x 249,000

=19,920

Common area fees are 2% of rent

=2% of 19,920

=0.02 x 19,920

=398.4

the total of rent plus common area fees will be

=19,920 + 398.4

=20,318.4