Real Estate Math
A Kansas property manager charges a vacancy-based management fee: 8% of collected rent. Potential monthly rent is $9,000 but the vacancy rate is 10%. What is the monthly management fee?
A$648✓ Correct
B$720
C$810
D$900
Explanation
Collected rent = $9,000 × (1 - 0.10) = $8,100.
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