Real Estate Math
A Missouri property's annual operating expenses are $14,400 and the EGI is $48,000. What is the operating expense ratio?
A20%
B25%
C30%✓ Correct
D35%
Explanation
OER = Operating expenses ÷ EGI = $14,400 ÷ $48,000 = 30%. Using the values given ($14,400, $48,000), apply the appropriate formula..
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