Real Estate Math
A Missouri property manager's client receives monthly rent of $2,200. The manager's fee is 8%. Monthly fee is:
A$176.00✓ Correct
B$220.00
C$264.00
D$2,024.00
Explanation
Management fee = $2,200 x 8% = $176. To solve this, multiply the relevant values: $2,200 at 8%.. The correct answer is $176.00.. This is a common calculation on the Missouri real estate exam.
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