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Q:

# How do you calculate occupancy rate?

A:

To calculate occupancy rate, divide the time that a unit was rented out by the time the unit was available for rent. Another option is to divide the total number of units that are rented out by the total number of units.

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Which formula is used depends on the information required. If the occupancy rate of a single unit is required, then the ratio of the time the unit is rented to the time it was available is appropriate. To find the general occupancy rate of a set of units during a specific time period, use the number of units occupied over the total number of units available.

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## Related Questions

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Calculate population growth rate by dividing the change in population for the time by the initial population and multiplying by 100. The number is expressed as a percentage.

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The cost of goods purchased is calculated by subtracting the cost of goods sold from the cost of sales. Figuring out the cost of goods purchased is valuable for many businesses because it reflects whether or not a business has spent too much money on inventory. In addition, the cost of goods purchased is a useful tool for determining how much product needs to be sold to make a profit.