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The terms of a percentage lease state that rent is 3% of sales up to $100,000 and 2% of sales over $100,000. Your business plan projects monthly sales to average $190,000 per month. There is a $300 per month maintenance fee. What do you project as an average monthly rent plus maintenance fee?

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Answer:

The projected average monthly rent plus maintenance fee is $4,100

Step-by-step explanation:

In the question, we are told that the percentage lease terms state that rent is 2% of sales over $100,000

Since sales is $190,000 projected,

the percentage will be 2% of 190,000

= 2/100 * 190,000 = $3,800

we now proceed to add the monthly maintenance fee

That will be $3,800 + $300 = $4,100

Answer: 5,100

Step-by-step explanation:

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