Real Estate Math
A 20-unit apartment complex has potential gross income of $192,000 per year. What is the average monthly rent per unit?
A$700
B$750
C$800✓ Correct
D$850
Explanation
Average monthly rent = Annual PGI ÷ (units × 12 months). $192,000 ÷ (20 × 12) = $192,000 ÷ 240 = $800.
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