Business, 03.12.2021 02:10 lwattsstudent

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 7 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 total rent due for the month

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Assume a retail tenant is paying a base rent of $120,000 per year (or $10,000 per month). In additio...

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