The base rent for retail tenant occupying 1500 square feet, Ask an Expert

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The base rent for retail tenant occupying 1,500 square feet is $40/sf. In addition to their base rent, the tenant pays a percentage rent equal to 3% of their gross annual sales above their chargeable sales. If they earned $2,400,000 in gross sales in the last lease year and their chargeable sales are determined by their natural break-point, what is total amount of rent they must pay?

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Financial Management, Finance

Category:- Financial Management
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