Real Estate Math
A Missouri broker manages 45 properties collecting an average of $1,100/month rent each, charging 8% management fee. What is the monthly management income?
A$3,960✓ Correct
B$4,950
C$5,500
D$7,920
Explanation
Monthly management income = 45 × $1,100 × 8% = 45 × $88 = $3,960. To solve this, multiply the relevant values: $1,100 at 8%..
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