Real Estate Math
A Florida property manager charges 8% of collected rent. In a month where 2 of 10 units are vacant (each $1,200/month), what is the management fee?
A$768✓ Correct
B$960
C$720
D$1,200
Explanation
Collected rent = 8 occupied units × $1,200 = $9,600. Management fee = $9,600 × 8% = $768.
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