Revenue is projected at $125,000 for the month. you are seeking to have a rent of 8%. additionally, you have "common area" fees, which are 3% of your rent. how much, then, will you be spending on rent plus common area fees each month?
To determine the amount of money that has to be spent for the rent and the "common area" fees, multiply the revenue by the decimal equivalent of the given percentages. rent = ($125000)(0.08) = $10,000 "common area" fee = ($125000)(0.03) = $3750
Adding these numbers will give us the final answer of $13750.
