Real Estate Math
A Louisiana commercial property has 20,000 sq ft of leasable space, currently 15% vacant. What is the occupied square footage?
A17,000 sq ft✓ Correct
B15,000 sq ft
C16,000 sq ft
D18,000 sq ft
Explanation
Vacant space = 20,000 × 15% = 3,000 sq ft. Occupied = 20,000 − 3,000 = 17,000 sq ft.
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