Real Estate Math
A Maryland property has an annual operating expense ratio of 45% and EGI of $80,000. Annual operating expenses are:
A$28,000
B$36,000✓ Correct
C$44,000
D$52,000
Explanation
Operating Expenses = EGI × Operating Expense Ratio = $80,000 × 45% = $36,000. To solve this, multiply the relevant values: $80,000 at 45%.. The correct answer is $36,000.. This is a common calculation on the Maryland real estate exam.
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