Question
PLEASE ANSWER ALL THE QUESTIONS !! An investor paid $36,000 for a four-unit apartment building. Each apartment rents for $85.00 per month. The investor figures
PLEASE ANSWER ALL THE QUESTIONS !! An investor paid $36,000 for a four-unit apartment building. Each apartment rents for $85.00 per month. The investor figures that by good management a profit of 45% of gross rents could be made. If this is true, what rate of return will the investor realize on the investment?
Group of answer choices
a. 11%
b. 5.5%
c. 5.06%
d. 5.1%
A building has a floor space that measured 24 x 30. If the walls are 6 inches thick, how many square feet would the building take up?
Group of answer choices
a. 720
b. 775
c. 735
d. 732
A lot was sold for $14, 500 and the seller paid a commission of 6% of the selling price. If the listing salesperson received 25% of the total commission, how much did the selling salesperson receive?
Group of answer choices
a. $217.50
b. $304.50
c. $652.50
d. none of the above
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