Each occupied unit requires an average of 30 per month for


A real estate office handles an apartment complex with 30 units. When the rent is $1850 per month, all units are occupied. For each $70 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $30 per month for service and repairs. What rent should be charged to obtain a maximum profit?

Solution Preview :

Prepared by a verified Expert
Mathematics: Each occupied unit requires an average of 30 per month for
Reference No:- TGS02870228

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)