Property Management
A Virginia property management company collects a $1,200 monthly rent. They may charge a management fee of 8% of rents collected. What is the monthly management fee?
A$72
B$96✓ Correct
C$120
D$144
Explanation
Management fee = $1,200 × 8% = $96 per month. To solve this, multiply the relevant values: $1,200 at 8%..
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