A lease agreement states that the tenant is to pay a minimum monthly rent of $525 plus
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Question:
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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