Real Estate Math
A Mississippi commercial building has 10,000 square feet. The rent is $12 per square foot per year. Annual gross rent is:
A$100,000
B$120,000✓ Correct
C$140,000
D$110,000
Explanation
Annual gross rent = 10,000 sq ft × $12 = $120,000. Using the values given ($12), apply the appropriate formula.. The correct answer is $120,000.. This is a common calculation on the Mississippi real estate exam.
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