Question

QUESTION 9 of 10: You are considering leasing a store site that has 1,800 square feet. The landlord is asking for rent of $55 per square foot per year. How much is the rent per month?
a) $8,000

b) $8,250

c) $8,500

d) $8,750

Answer 1

B) $8,250

explanation: since you have a total of 1800 sq ft and it’s $55 dollars per sq ft for the yr, you would start by finding how much it would cost for a year by taking $55 x 1800 sq ft= $99,000 then since you are trying to find the rent for a month you would take the yr value ($99,000) and divide it by 12 since there are 12 months in a yr
99,000/12 = $8,250