Real Estate Math
A NH property management company charges 10% of collected rent. In a month with $18,500 in collected rent, the management fee is:
A$1,850✓ Correct
B$185
C$2,500
D$1,500
Explanation
Management fee = 10% × $18,500 = $1,850. To solve this, multiply the relevant values: $18,500 at 10%..
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