A business tenant has a percentage lease stating rent payment is the greater of 2% of his total gross sales volume or a minimum base rental of $1,000 per month. In the past year, his sales totaled $435,

A business tenant has a percentage lease stating rent payment is the greater of 2% of his total gross sales volume or a minimum base rental of $1,000 per month. In the past year, his sales totaled $435,000. How much rent did he pay?

1 Answer

A business tenant has a percentage lease stating rent payment is the greater of 2% of his total gross sales volume or a minimum base rental of $1,000 per month. In the past year…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions