Real Estate Math
A property management company in Mississippi manages 200 units. The vacancy rate is 5%. How many units are vacant?
A5
B10✓ Correct
C15
D20
Explanation
Vacant units = 200 × 5% = 10 units. Apply the appropriate real estate math formula to arrive at the answer.. The correct answer is 10.. This is a common calculation on the Mississippi real estate exam.
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