Question

A 200 square foot retail shop inside a shopping mall is leased at a monthly rental...

A 200 square foot retail shop inside a shopping mall is leased at a monthly rental of $300 per square foot. The shop is vacant one month out of the year. Current management expenses are $30 per square foot and an expense stop is set at $25 per square foot. What is the monthly net operating income in the year?

a) $48,000 b) $49,000 c) $50,000 d) $51,000

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Answer #1

Solution:-

To Calculate monthly net operating income in the year -

Net Operating Income = $49,000

The correct Answer is point B i.e. $49,000.

If you have any query related to question then feel free to ask me in a comment.Thanks.

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