# Stadium View Apartment  Complex has 20 apartments to rent. Historical data            Trend suggests that any time rent increases by \$50.00 per month one apartment            becomes vacant. The current rent is \$400.00 per month. How many \$50.00            increases will enable Stadium View Apartments maximize its total monthly rent            revenue?

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Stadium View Apartment  Complex has 20 apartments to rent. Historical data

Trend suggests that any time rent increases by \$50.00 per month one apartment

becomes vacant. The current rent is \$400.00 per month. How many \$50.00

increases will enable Stadium View Apartments maximize its total monthly rent

revenue?

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Step 1

The total apartments to rent = 20

If rent increase by \$50 per month then one apartment becomes vacant.

The current rent per month = \$400

Assuming the total apartments are occupied

Revenue = 20*400 = \$8000 per month.

Step 2

Let x be the number of times rent is increased by \$50. So the total number of apartments get vacate = x.

Total number of apartments occuoied = 20-x

The rent per ...

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