A tenant rented 1500 square feet of retail space for $14 per square foot per year. The tenant also agreed to 5% of their gross sales over $100,000. If the gross sales were $350,000, how much total rent did the tenant pay?

A. $17,500
B. $21,000
C. $33,500
D. 38,500

Answer: C. $33,500

Business

You might also like to view...

When making claims or requesting adjustments, what should be included in the opening?

A) An apology for the inconvenience caused B) A straightforward statement of the problem C) A neutral buffer statement D) An expression of your anger and frustration E) A complete and specific explanation of the details of the problem

Business

Which of the following best supports a market-penetration strategy for Champion?

A) Production costs increase as sales volume increases. B) It is very difficult for competitors to enter the market. C) The cost of producing a smaller volume is negligible. D) The quality of the products supports high initial prices. E) The market for the products is highly price sensitive.

Business