slayer7575 slayer7575

15-12-2022
Business

Answered

assume a retail tenant is paying a base rent of $120,000 per year (or $10,000 per month). in addition, the tenant must pay 10 percent of gross store sales in excess of $143,000 per month as percentage rent. if the store produces $170,000 in gross sales in a month, what is the percentage rent in that month? what is the total rent due for the month?

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