A real estate office handles a 60-unit apartment complex. When the rent is $520 per month, all units are occupied. For each $40 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $45 per month for service and repairs. What rent should be charged to obtain a maximum profit?
A real estate office handles a 60-unit apartment complex. When the rent is $520 per month, all units are occupied. For each $40 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $45 per month for service and repairs. What rent should be charged to obtain a maximum profit?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 441PT: Two planes leave Dallas at the same time. One heads east at a speed of 428 miles per hour. The other...
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.
tota units are 60
and rent of each unit is $520 per month
For each $40 increase in rent, however, an average of one unit becomes vacant
let x=number of vacant units
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