percentages

You have shown vacant apartments to 16 potential renters this week and you have taken 4 applications for these vacancies from those you have toured the property. What is your leasing closing ratio in percentage?

I came up with 4/16= 25%. Is this right? Thank you!

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asked by esther
  1. Right. :-)

  2. You manage a 125-unit apartment community and have 6 vacancies currently. What is your current occupancy percentage?

    I got 6/125= 48% ??

    Thanks!

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    posted by esther
  3. No. It's much smaller than that. 48 % is almost half. A 48% vacancy rate would mean that about 60 apartments would be vacant.

    6/125 = 0.048
    Move the decimal two places to the right. Or multiply by 100.

  4. So, would it be: 16/4=4% ??

    Or, moving the decimals two places would give me, o.4.8

    but since there's an 8 next to the 4, does that number turn the 4 to a 5;therefore being 5% ??. Sorry, for the confusion. I want to learn the steps.

    Thanks for your patience and your help.

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    posted by esther
  5. 4.8% is right.

    You're welcome.

  6. You manage a 125-unit apartment community and have 6 vacancies currently. What is

    (your current occupancy percentage?)

    Just to make sure, Ms. Sue,

    I have an occupancy percentage of 4.8% ?. Thanks you!

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    posted by esther
  7. Yes. The VACANCY rate is 4.8%.

    100 - 4.8 = 95.2%. The OCCUPANCY rate is 95.2%.


    You are welcome.

  8. Ms. Sue,

    This clarifies the numbers much more where I can understand them. Thank you for the clarification. Have a wonderful rest of the year.

    Sincerely,
    Esther Munoz

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    posted by esther
  9. You're welcome, Esther. And a very happy New Year.

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