Real Estate Math
A Florida property management company manages 15 properties. Average monthly rent per property is $1,800. The management fee is 10%. What are the total monthly management fees?
A$2,700✓ Correct
B$2,400
C$3,000
D$1,800
Explanation
Total monthly rent = 15 properties × $1,800 = $27,000. Management fee = $27,000 × 10% = $2,700.
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