posted by annonymous on .
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.