Knowledge Matters Simulation – Place – Math Quiz – Flashcards

The terms of a percentage lease state that rent is 4% of sales up to $100,000 and 2.5% of sales over $100,000. Your business plan projects monthly sales to average $270,000 per month. There is a $250 per month maintenance fee. What do you project as an average monthly rent plus maintenance fee?

Your ultra-modern store is one-story round. Your square footage is 31,416. What is the diameter of your store? Area of a circle = Πr2

You are considering leasing one of two store sites of equal size. The first site features a percentage lease of 4% of sales per month. The second site features a triple net lease with these monthly terms: rent is 3% of sales, insurance is $175, maintenance is $50, utilities total $345, and property tax is $165. Your business plan estimates your monthly sales to average $85,000. Which lease is better for you financially?

You are planning a store on a large lot. Your budget only allows for 800 linear feet of walls. What is the maximum square footage of your store?

You are considering leasing a store site that has 1,500 square feet. The landlord is asking for a rent of $50 per square foot, per year. How much is the rent per year? How much is the rent per month?

Your store sales average $162,000 per month. Your triple net lease has the following monthly terms: rent is 3% of sales, insurance is $210, maintenance is $100, utilities total $425, and taxes are $90. You expect next year's sales to increase 7%, but your lease terms will remain the same. Calculate next year's ANNUAL rent. Round your answer to the nearest dollar.

You observe two locations. Location A has 140 passersby per hour and rents for $1,000. Location B has 230 passersby per hour and rents for $1,500. Which location has the lower rent per passerby?

You have the opportunity to lease space for your business with a fixed-rate lease. The property owner has proposed a five-year lease with a rent of $4,000 per month. How much is the rent per year? How much is the rent over the life of the lease?

You are leasing a space that is 40 ft wide x 30 ft long x 10 ft high. The real estate agent estimates that your heating costs will be $0.50 per cubic foot of space per year. What will your heating costs be for the year?

You have a three-year fixed rate lease of $750/month due to expire next month. Your landlord is willing to renew the three-year lease with a 4% total rent increase. What is your rent over the three-year life of the new lease?