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One marketing professional recommends that businesses budget between 12%12\% and 16%16\% of their monthly gross sales for rent. If a business earns $540,000\$540,000 in gross sales per year, how many dollars would the adviser recommend as the maximum budget for rent each month?

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Q. One marketing professional recommends that businesses budget between 12%12\% and 16%16\% of their monthly gross sales for rent. If a business earns $540,000\$540,000 in gross sales per year, how many dollars would the adviser recommend as the maximum budget for rent each month?
  1. Calculate Monthly Gross Sales: Determine the monthly gross sales. Since the business earns $540,000\$540,000 per year, we need to divide this amount by 1212 to find the monthly gross sales. Calculation: $540,000÷12=$45,000\$540,000 \div 12 = \$45,000 per month.
  2. Determine Rent Budget Percentage: Calculate the maximum percentage recommended for the rent budget.\newlineThe adviser recommends budgeting up to 16%16\% of the monthly gross sales for rent.
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