medium · National Real Estate Exam math
A tenant is leasing a retail space under a 5-year agreement that specifies a base rent of $3,000 per month plus 4% of all gross sales exceeding $50,000 per month.
If the tenant's gross sales for July were $85,000, what is the total rent due for that month?
- $4,400
- $6,400
- $3,000
- $3,140
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