Real Estate Math

A Nebraska property management company charges 8% of collected rents. In a month where $18,500 in rents are collected, what is the management fee?

A$1,480✓ Correct

B$1,600

C$1,850

D$1,200

Explanation

Management fee = $18,500 × 8% = $1,480. To solve this, multiply the relevant values: $18,500 at 8%..

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