Real Estate Math
A Maine property management company charges 9% of collected rents plus a $200 monthly management fee. On a month with $8,500 in collected rents, the total management cost is:
A$765
B$965✓ Correct
C$1,065
D$1,130
Explanation
Percentage fee = $8,500 × 9% = $765. Plus flat fee = $200.
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