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A percentage lease on an office building stipulates a $3,000 monthly base rent plus 3.5% of gross profit in excess of $250,000. If the company renting the building grosses $375,000 in its first year, what is the total annual rent for that year?

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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 percentage lease on an office building stipulates a $3,000 monthly base rent plus 3.5% of gross profit in excess of $250,000. If the company renting the building grosses $375,000 in its first year, what is the total annual rent for that year?





 
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