Real Estate Math
A rectangular commercial building is 80 feet wide and 120 feet long. At a lease rate of $2.50 per square foot per month, what is the monthly rent?
A$24,000✓ Correct
B$2,400
C$240,000
D$20,000
Explanation
Area = 80 ft × 120 ft = 9,600 sq ft. Monthly rent = 9,600 sq ft × $2.50/sq ft = $24,000.
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