Numerical Test Question 40 – Annual office lease cost
Scenario
A department is considering an office with 2,850 square metres of space. The annual charges are shown below.
| Charge | Annual rate |
|---|---|
| Rent | £214 per square metre |
| Service charge | £38 per square metre |
| Security charge | £42,000 fixed fee |
Question
What would the total annual cost of the office be?
- A. £802,200
- B. £718,200
- C. £760,200
- D. £742,800
Click to reveal the answer
Correct answer: C. £760,200
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