Real Estate Math
A landlord collects 12 months of rent at $1,850/month. After paying a 10% management fee, how much does the landlord net from rent annually?
A$18,500
B$19,980✓ Correct
C$22,200
D$20,000
Explanation
Annual rent = $1,850 x 12 = $22,200. Management fee = $22,200 x 10% = $2,220.
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