# accounting

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?

Then add these two figures together.

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1. 6,000

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posted by KC
2. 1,000*1.75= \$1,759

0.05*85,000= 4250

4250+1,750=

6,000

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posted by Faith

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