Real Estate Math
A Montana property manager collects $8,500 in monthly rents. The management fee is 9%. How much does the manager retain each month?
A$765✓ Correct
B$7,735
C$850
D$918
Explanation
Management fee = $8,500 x 0.09 = $765. The manager retains $765 and remits $7,735 to the owner. To solve this, multiply the relevant values: $8,500 at 9%.. The correct answer is $765.. This is a common calculation on the Montana real estate exam.
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