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professor190 [17]
2 years ago
13

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?
Business
1 answer:
Alexandra [31]2 years ago
8 0
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.

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