Answer:
$435,000
Step-by-step explanation:
$760 per month * 12 months = $9,120
The minimum rent requires an annual rental cost of $9,120.
The annual rent was $20,520.
The excess was $20,520 - $9,120 = $11,400.
The amount of $11,400 of the rent was due to the gross sales in excess of $150,000.
$11,400 is 4% of the amount in excess of $150,000.
Let the amount in excess of $150,000 = x.
$11,400 = 4% of x
0.04x = 11,400
x = 285,000
$285,000 is the amount in excess of $150,000.
Total gross sales volume = $285,000 + $150,000 = $435,000
