3. Chin Lee Florists is opening a new store in the warehouse district of town. The annual rent is $8.75 per square foot plus 5% of the store's annual gross sales. The store measures 36 feet by 48 feet. Based on
experience, Chin Lee estimates $225,000 in gross sales. What is Chin Lee's estimate of the monthly rent
on this store?

The answer is letter a

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