Real Estate Math
A Missouri property manager collected $12,600 in rents for October. The management fee is 9%. The net remitted to the owner is:
A$1,134
B$11,340
C$11,466✓ Correct
D$12,600
Explanation
Management fee = $12,600 x 9% = $1,134. Net to owner = $12,600 - $1,134 = $11,466.
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