Real Estate Math
A property manager charges 8% of collected rents for management services. In a month where the property collects $12,500 in rent, how much does the property manager earn?
A$900
B$1,000✓ Correct
C$1,100
D$1,250
Explanation
$12,500 × 0.08 = $1,000. To solve this, multiply the relevant values: $12,500 at 8%.. The correct answer is $1,000.. This is a common calculation on the Oregon real estate exam.
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