Question

You are considering leasing a store site that has 1,500 square feet. The landlord is asking for a rent of $50 per square foot, per year. How much is the rent per year? How much is the rent per month?

Answer 1

Answer:

$75000/year

$6250/month

Step-by-step explanation:

1500 ft²*$50/(ft²*year) = $75000/year

1 year = 12 month

$75000/12 month= $6250/month