Question
You have shown 4 vacant apartments to 16 potential renters. This week and you have taken 4 applications for the vacancies from those who have toured the property. What is your leasing closing ratio? In percentage
Answers
GPT-4o mini
To calculate the leasing closing ratio, you can use the following formula:
\[
\text{Leasing Closing Ratio} = \left(\frac{\text{Number of Applications}}{\text{Number of Showings}}\right) \times 100
\]
In your case:
- Number of Applications = 4
- Number of Showings = 16
Now, plug in the values:
\[
\text{Leasing Closing Ratio} = \left(\frac{4}{16}\right) \times 100 = 0.25 \times 100 = 25\%
\]
So, your leasing closing ratio is **25%**.
\[
\text{Leasing Closing Ratio} = \left(\frac{\text{Number of Applications}}{\text{Number of Showings}}\right) \times 100
\]
In your case:
- Number of Applications = 4
- Number of Showings = 16
Now, plug in the values:
\[
\text{Leasing Closing Ratio} = \left(\frac{4}{16}\right) \times 100 = 0.25 \times 100 = 25\%
\]
So, your leasing closing ratio is **25%**.