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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

Respuesta :

Samawati

Answer:

C) 20,318

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

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