Numerical Test Question 40 – Annual office lease cost

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Scenario

A department is considering an office with 2,850 square metres of space. The annual charges are shown below.

ChargeAnnual 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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