Real Estate Math
A Kansas commercial building has 15,000 sq ft of leasable space. It is 80% occupied. How many square feet are occupied?
A10,000 sq ft
B12,000 sq ft✓ Correct
C12,500 sq ft
D13,500 sq ft
Explanation
15,000 × 0.80 = 12,000 sq ft occupied. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 12,000 sq ft.. This is a common calculation on the Kansas real estate exam.
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