Real Estate Math
A South Dakota property's annual rent is $24,000. The property management fee is 10%. What is the annual management fee?
A$1,200
B$2,400✓ Correct
C$2,040
D$3,600
Explanation
Management fee = $24,000 × 10% = $2,400. To solve this, multiply the relevant values: $24,000 at 10%.. The correct answer is $2,400.. This is a common calculation on the South Dakota real estate exam.
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