Real Estate Math
A Missouri property manager charges a 10% management fee on collected rents. The property collects $3,200/month. What is the monthly fee?
A$160
B$320✓ Correct
C$640
D$3,200
Explanation
Management fee = $3,200 × 10% = $320/month. To solve this, multiply the relevant values: $3,200 at 10%..
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