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A retail tenant pays percentage rent of 4% over a natural breakpoint based upon a rental rate of $20 per square foot. The tenant leases

A retail tenant pays percentage rent of 4% over a natural breakpoint based upon a rental rate of $20 per square foot. The tenant leases 4,000 square feet and is estimated to generate $2,500,000 in sales for 2017. How much will the tenant pay the landlord in percentage rent in addition to the base rent?

$20,000

$5,000

$17,500

$25,000

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