Real Estate Math
A Mississippi property management fee is $375/month for a property that rents for $2,500/month. The management fee as a percentage of rent is:
A12%
B15%✓ Correct
C10%
D8%
Explanation
Management fee % = $375 ÷ $2,500 = 15%. Using the values given ($375, $2,500), apply the appropriate formula.. The correct answer is 15%.. This is a common calculation on the Mississippi real estate exam.
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