Question

Location Selection Math Quiz



QUESTION 1 of 10: You are comparing two properties for lease. The first, A, Is all-inclusive at $4,000 per month. The second, B, is $2,300 per



month with average monthly utilities of $300, common area charges of $250 per month, and quarterly (every three months) real estate tax of



$2,400. Which property is cheaper, A or B?



O a) A



Ob) B



c) They are the same



Submit

Answer 1

take 4,000 times 12 to get 48,000. that’s how much A costs.

B is a little harder. you have to take (2,300+300)x12+(4*250). this equals $32,100

the correct answer would be B.

Answer 2

When comparing two properties for lease, the cheaper property is b) Property B.

How do we determine the cheaper property?

We can determine the cheaper property among the two by comparing their total monthly payments (expenses) for leasing.

Since Property A is all-inclusive, utilities, common area charges, and real estate taxes will no longer be included, unlike Property B.

Data and Calculations:

                                     Property A       Property B

Monthly payment           $4,000             $2,300

Other monthly expenses:

Utilities                                                          300

Common area charges                                250

Real estate tax ($2,400/3)                          800

Total cost per month    $4,000            $3,650

Thus, the cheaper property is b) B.

Learn more about property values at https://brainly.com/question/14408208

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