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

3 years ago

P+q=1 and pq=-20. What are the values of p and q?

andrey2020 [161]

Answer:

Step-by-step explanation:

5, -4

5-4=1

5(-4)=-20

6 0

2 years ago

1. If Jose says that 75% of his class of 28 students

kondaur [170]

C. 21 kids ride the bus

5 0

3 years ago

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This system has one solution y=8x+9, y=x^2+4x+13. What is the y coordinate

Digiron [165]

This system has one solution y=8x+9, y=x^2+4x+13. What is the y coordinate

y=8x+9<= y=8x+9 <== 8x+9: m=8

y=x^2+4x+13<= y <==x^2+4x+13: minimum (-2,9)

y=8x+9 and y.No solution

4 0

3 years ago

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