Real Estate Math
A West Virginia landlord rents a 1,200 sq ft commercial space at $15 per sq ft per year. What is the monthly rent?
A$1,200
B$1,500✓ Correct
C$1,800
D$2,000
Explanation
Annual rent = 1,200 sq ft × $15 = $18,000. Monthly rent = $18,000 ÷ 12 = $1,500. Using the values given ($15), apply the appropriate formula.. The correct answer is $1,500.. This is a common calculation on the West Virginia real estate exam.
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