Property Management
A property manager in Biloxi, Mississippi collects $50,000 in monthly rents. They are entitled to a 6% management fee. Their monthly management fee is:
A$2,500
B$3,000✓ Correct
C$5,000
D$4,000
Explanation
Management fee = $50,000 × 6% = $3,000 per month. To solve this, multiply the relevant values: $50,000 at 6%..
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