Certified Professional Public Buyer (CPPB) Practice Test

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If renovating five buildings with 4400 sq ft of flooring each, and using 65% tile at $8 per sq ft, what is the estimated cost?

$39,820
$418,000
$218,900
$199,100

The correct answer is: $199,100

To calculate the estimated cost of renovating the five buildings, first, determine the total square footage of flooring for all buildings combined. With each building having 4,400 square feet of flooring and there being five buildings, the total area amounts to: 5 buildings x 4,400 sq ft/building = 22,000 sq ft. Next, since 65% of the flooring will be tile, calculate the area that will receive tile: 0.65 x 22,000 sq ft = 14,300 sq ft. Now, to find the cost of this tile installation, multiply the number of square feet of tile by the cost per square foot. Given the price of the tile is $8 per square foot, the calculation will be: 14,300 sq ft x $8/sq ft = $114,400. It appears that the calculation provided does not match the answer supplied. However, if the question involves additional expenses or factors not mentioned, one might need to take those into account to arrive at one of the other options. Given the outlined scenario, arriving at the total costs in a straightforward way points towards a numerical discrepancy needing further clarification or context about additional costs involved in the renovation project.