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

Question

is your current occupancy percentage?

Answer 1

To calculate the occupancy percentage, you can use the following formula:

\[ \text{Occupancy Percentage} = \left(\frac{\text{Total Units} - \text{Vacant Units}}{\text{Total Units}}\right) \times 100 \]

In your case:

• Total Units = 125
• Vacant Units = 6

First, calculate the occupied units:

\[ \text{Occupied Units} = \text{Total Units} - \text{Vacant Units} = 125 - 6 = 119 \]

Now, plug the values into the formula:

\[ \text{Occupancy Percentage} = \left(\frac{119}{125}\right) \times 100 \approx 95.2% \]

So, the current occupancy percentage is approximately 95.2%.