Real Estate Math
A West Virginia property management company charges 8% of gross rents collected. A building produces $3,500 per month in rent. What is the monthly management fee?
A$210
B$280✓ Correct
C$315
D$350
Explanation
Management fee = $3,500 × 8% = $280 per month. To solve this, multiply the relevant values: $3,500 at 8%..
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