Real Estate Math
A Maine property's effective gross income is $115,200. Operating expenses are 38% of EGI. The NOI is:
A$43,776
B$71,424✓ Correct
C$75,000
D$80,640
Explanation
Operating expenses = $115,200 × 38% = $43,776. NOI = $115,200 − $43,776 = $71,424. To solve this, multiply the relevant values: $115,200 at 38%.. The correct answer is $71,424.. This is a common calculation on the Maine real estate exam.
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