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2b. A shopping center lease stipulates a minimum rental of $6.00 per square foot and an overage rent of 3% of sales above $200,000 per

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2b. A shopping center lease stipulates a minimum rental of $6.00 per square foot and an overage rent of 3% of sales above $200,000 per year. A tenant leasing 18,000 of retail space paid $22,000 overage rent last year. Calculate (i) its total rent for the year. (ii) What was its total sales for this period? (7 points) to cont or the learn (o total sales for this pe 2b. A shopping center lease stipulates a minimum rental of $6.00 per square foot and an overage rent of 3% of sales above $200,000 per year. A tenant leasing 18,000 of retail space paid $22,000 overage rent last year. Calculate (i) its total rent for the year. (ii) What was its total sales for this period? (7 points) to cont or the learn (o total sales for this pe

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