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A lease calls for a minimum monthly rent of $1,000 plus 12% of the yearly gross in excess of $500,000. How much is one month's rent if a company grosses $750,000 annually?

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Real estate math commonly covers commissions, property taxes, area/acreage, and loan calculations, frequently using a T-chart method (Part/Total Rate).


1. A lease calls for a minimum monthly rent of $1,000 plus 12% of the yearly gross in excess of $500,000. How much is one month's rent if a company grosses $750,000 annually?





 
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