Bridget's Bakery is 1,000 square feet in a 100,000 sq. ft. shopping center. The tenants all pay a percentage of common area maintenance (CAM) on the basis of their square footage ratio to the full center square footage. Total CAM for the shopping center is $12,000 per month. How much must Bridget's Bakery pay for CAM?

Question

Quizplus · Accepted Answer

Bridget's Bakery occupies 1% of the total shopping center space (1,000 sq. ft. out of 100,000 sq. ft.). Therefore, they are responsible for 1% of the total CAM charges. 1% of $12,000 is $120.00.

Bridget's Bakery Is 1,000 Square Feet in a 100,000 Sq