Real Estate Math
A Hawaii property management company manages 15 properties averaging $3,000/month in rent each. Their fee is 10%. What is monthly revenue for the management company?
AA. $3,000
BB. $4,500✓ Correct
CC. $6,000
DD. $45,000
Explanation
Total monthly rents = 15 × $3,000 = $45,000. Fee = $45,000 × 0.
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