Question

Last year, Allison paid a monthly cooperative maintenance fee of $873. 12% of this fee

covered her monthly property taxes. How much did she pay last year in property taxes on
her co-op?

Answer 1

12% of $873 is $104.76. She payed $104.76 per month and if you multiply that by 12 (the number of months in a year) it gives you $1257.12 for the year so she paid that much last year