Question

You have signed a percentage lease with a base rent of $2,000 per month and a variable payment of 2% of revenue. If your revenue for the month is $50,000, what is your total rent for the month?

Answer 1

Answer:

$3000

Explanation:

base payment= 2000

revenue= 50,000

Rent= base payment + percent of revenue

        = 2000 + 2/100× 50000

        = 3000