Real Estate Math
A Missouri commercial lease requires $4,500/month base rent plus 2% of annual gross sales. If annual sales are $800,000, what is the annual rent?
A$54,000
B$70,000✓ Correct
C$59,500
D$90,000
Explanation
Base rent = $4,500 × 12 = $54,000. Percentage = $800,000 × 2% = $16,000. Total = $54,000 + $16,000 = $70,000.
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