Computing in the Business World
Suppose 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% 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?
First calculate your rent.
Then calculate the tax on your sales (5% of your sales).
Then add these two figures together.
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2 answers

6,000
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answered by KC 
1,000*1.75= $1,759
0.05*85,000= 4250
4250+1,750=
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answered by Faith
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