How do you calculate the usable space of a property if the total space is 20,000 square feet and the usable percentage is 80%?

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

To determine the usable space of a property, you need to apply the usable percentage to the total space. In this case, you have a total space of 20,000 square feet and a usable percentage of 80%.

To calculate the usable space, you multiply the total space by the usable percentage expressed as a decimal. Here, the calculation would be:

Usable Space = Total Space x Usable Percentage

Usable Space = 20,000 square feet x 0.80

Usable Space = 16,000 square feet

This calculation shows that, based on the provided percentages, 16,000 square feet of the total area can be considered usable space. The other options do not align with this calculation, as they either suggest different values that do not correspond to the usable percentage or misrepresent the relationship between total and usable area.

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