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Math for Accounting

Suppose that you are opening a 1,000-square foot baseball card store in a shopping center. You have signed a lease that requires you to pay a monthly rent of $1.75 per square foot, plus 5 percent of your gross annual sales. What is the total amount of rent you will pay in one year if you have sales of $85,000?​

Respuesta :

oretasamples

Answer:

25,250.00

Explanation:

1.75 x 1000 = 1750.00/month x 12 months = 21,000/year

Then add the 5% of 85,000 sales which is 4250.00

Total 25,250.00

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