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A retail tenant has base rent of $10/sf and must pay percentage rent of 4% of sales over the natural break point. If the sales
A retail tenant has base rent of $10/sf and must pay percentage rent of 4% of sales over the natural break point. If the sales for the tenants space is $375/sf, what is the amount of additional percentage rent (per square foot) that the tenant will pay (i.e. over and above the base rent)?
Group of answer choices
$12.50/sf
$10.00/sf
$15.00/sf
$5.00/sf
$13.75/sf
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