A business tenant has a percentage lease stating rent payment is greater of 2% of the business’s total gross sales volume or a minimum base rental of $1,000.00 per month. In the past year, sales totaled $435,000. How much rent did the business pay?

$12,000

Step-by-step explanation:

By paying the minimum rent, the tenant would pay $1000 * 12 = $12,000.

Rent cannot be less than $12,000.

If the 2% of sales is greater than $12,000, then 2% of sales becomes the rent.

Now we calculate 2% of annual sales.

2% * $435,000 = $8,700

Since the minimum rent, $12,000, is greater than 2% of sales, then rent is $12,000.

where is the page?

step-by-step explanation:

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.