Ask Question
22 August, 17:50

Tyra owns a nail salon that's located in a strip mall. Her rent every month includes $1,800 base rent and 10% of her gross sales. What kind of lease does Tyra have?

+4
Answers (1)
  1. 22 August, 19:29
    0
    The right answer is percentage lease.

    Explanation:

    A percentage lease can be defined as the lease in which the person who takes the place on rent has to give a fixed base rent plus some percentage of the total sales.

    In the given scenario, Tyra is giving the base rent plus 10% of her total sales as monthly rent to the owner which corresponds to the percentage lease.

    Hence, the most appropriate answer is percentage lease.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tyra owns a nail salon that's located in a strip mall. Her rent every month includes $1,800 base rent and 10% of her gross sales. What kind ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers