Real Estate Math
A Missouri property manager charges 10% of monthly rent for management. If monthly rent is $1,850, the monthly management fee is:
A$18.50
B$185.00✓ Correct
C$185.50
D$1,665.00
Explanation
Management fee = $1,850 x 10% = $185.00. To solve this, multiply the relevant values: $1,850, at 10%.. The correct answer is $185.00.. This is a common calculation on the Missouri real estate exam.
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