Question
A shopping center contains three tenants. All leases contain monthly minimum rentals based solely on average monthly sales throughout the year. What is the average
A shopping center contains three tenants. All leases contain monthly minimum rentals based solely on average monthly sales throughout the year. What is the average of monthly rent collected by the landlord, based on the following data:
Tenant Monthly Minimum Percentage of Gross
Rent (average)
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(a) Yoshino $100 10%
(b)Carson $200 8%
(c) Van $250 12%
Month Yoshino Carson Van
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January $ 900 $ 2,400 $ 2,500
February 800. 2,700 2,600
March 600 3,000 2,700
April 1,100 1,800 3,100
May 1,400 1,700 2,100
June 800 3,500 2,100
July 500 2,800 2,700
August 1,100 1,200 2,400
September 900 1,200 2,400
October 700 2,900 3,500
November 400 3,400 2,600
December 1,400 3,000 3,100
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