CFA Practice Question

There are 195 practice questions for this study session.

CFA Practice Question

A retail lease specifies that the minimum rent is $50 per square foot, plus 10% of sales revenue over $500 per square foot. If the sales are $800 per square foot, the rent would be:
A. $50
B. $80
C. $130
Explanation: ($800 - $500) x 10% + 50 = $80.

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