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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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