We have been given that a tenant rented a store to use as a real estate school at a base rent of $1,500 a month. Additionally, the tenant agreed to pay 3% of gross annual sales over $200,000.

Let us find base annual rent.

$\text{Base annual rent}=\$1500\times 12\\\\ \text{Base annual rent}=\$18,000$

Let us find the amount of rent paid as 3% of gross annual sales.

$\$30,000-\$18,000=\$12,000$

Let us find amount of sales over $200,000 by dividing $12000 by 3% or 0.03.

$\frac{\$12,000}{0.03}=\$400,000$

Total sales would be $400,000 plus $200,000.

$\text{Total sales}=\$400,000+\$200,000\\\\ \text{Total sales}=\$600,000$

Therefore, the total sales for that year was $600,000 and 3rd option is the correct choice.

7 0

4 years ago

Help with this pls!!!!!!!!

sveticcg [70]

Answer:

san po jan

<h3>step_by istep explanation_</h3>

6 0

3 years ago

Wat is the value of 6 in 90.16

pshichka [43]

Ones place i think would be the awser

5 0

4 years ago

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