Real Estate Math
A Louisiana property manager is paid 8% of collections. In one month, the building collected $31,500. What is the management fee for that month?
A$2,100
B$2,520✓ Correct
C$2,800
D$3,150
Explanation
Management fee = $31,500 × 8% = $2,520. To solve this, multiply the relevant values: $31,500 at 8%..
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