Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A gift shop pays rent of $700 per month plus 2.8% of gross annual sales in excess of $50,000. What was the average monthly rent
A gift shop pays rent of $700 per month plus 2.8% of gross annual sales in excess of $50,000. What was the average monthly rent last year if gross annual sales were $75,000? Round your answer to the nearest cent.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started