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A lease agreement states that the tenant is to pay a minimum monthly rent of $525 plus 7 percent of the gross annual sales in

A lease agreement states that the tenant is to pay a minimum monthly rent of $525 plus 7 percent of the gross annual sales in excess of $100,000. If the total gross annual sales were $147,000, what was the total rent for the year?

A. $9,590

B. $9,780

C. $9,600

D. $10,020

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