Real Estate Math
A North Dakota property manager charges 6% of monthly rent for management. In November, two units are vacant and the other 8 units each pay $700/month. What is the management fee for November?
A$336✓ Correct
B$360
C$384
D$420
Explanation
Total November rent = 8 occupied units × $700 = $5,600. Management fee = $5,600 × 6% = $336.
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