Real Estate Math
A Mississippi property management company charges 8% of collected monthly rent for management fees. If monthly rent is $1,250, the monthly management fee is:
A$80
B$100✓ Correct
C$125
D$150
Explanation
Management fee = $1,250 × 8% = $100 per month. To solve this, multiply the relevant values: $1,250, at 8%..
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