Real Estate Math
An Idaho property manager collects $8,500/month in rent. Her management fee is 8%. What is her monthly management fee?
A$640
B$680✓ Correct
C$720
D$760
Explanation
Monthly management fee = $8,500 x 8% = $8,500 x 0.08 = $680. To solve this, multiply the relevant values: $8,500 at 8%.. The correct answer is $680.. This is a common calculation on the Idaho real estate exam.
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