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

User Iftheshoefritz
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Answer:

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User DaveN
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