Question

Marcy charges $575 per month to rent a room at her eight-room apartment complex. running the complex costs marcy $9,880 per year in upkeep. assuming that all of the rooms are rented out, how much does marcy make from her apartment complex every year? a. $55,200 b. $45,320 c. $65,080 d. $16,780 please select the best answer from the choices provided a b c d

Answer 1

Option (b), assuming that all of the rooms are rented out, would see Marcy's apartment building generate $45,320 annually.

Renting is what?

A contract for the temporary use of a good, service, or piece of property that belongs to someone else is referred to as renting, also known as hiring or letting. In a gross lease, all regular property expenses incurred by the owner are covered by the landlord in addition to the tenant's regular monthly rent payment.

The most popular approach is to multiply the amount of the weekly rental by the 52.14 weeks in a calendar year, then divide the result by the number of months in the year.

Charges (per month)= $575

Apartments= 8

Complex cost= $9,880

Rent of 8 months (per month)= 575 x 8 = 4600

Rent (per year)= 4600 x 12 = 55200

Total she get= Rent (per year) + Complex cost

                      = 55200 - 9880 = 45320

Learn more about monthly rent payment: https://brainly.com/question/1511127

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