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28 August, 14:46

Calculate the percentage rate management fees on the following: $575 adjusted per-unit fee, 50 total units, $600,000 annual gross income, 15% vacancy and loss rate.

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  1. 28 August, 15:03
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    19.1% management rate.

    Explanation:

    Adjusted fee charge per unit = 575

    Adjusted fee charge for total unit of product = 575 * 50 = $28750

    Net after feel charge on goods = 600000 - 28750 = $571250

    15% vacancy and loss rate =.15 * 571250 = $85687.5

    Total management fee per year = $114437.5

    Percentage rate management fee = (114437.5/600000) * 100

    = 19.1 %
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