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Terry Johns pays $ 6 0 0 per month plus a percentage of gross annual sales in excess of $ 1 8 0 , 0

Terry Johns pays $600 per month plus a percentage of gross annual sales in excess of $180,000 for a small retail space in a neighborhood shopping center. If gross sales were $264,000 in 2002 and the total rent paid was $13,080, what is the percentage rate required by Terry's lease?

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