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IloveHW

  • one year ago

An apartment management firm tends an apartment block containing 150 units. All 150 units are rented at $460 per unit with each unit costing $72.50/month for utility and repairs. For every $25 rent increase, four fewer apartments are occupied. What rent should be charged in order to realize the most profit? (Assume that rent would only be increased by a multiple of $25.)

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  1. IloveHW
    • one year ago
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    i am kinda confused how to start it

  2. IloveHW
    • one year ago
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    like their is so much info i dont know what to do

  3. BangkokGarrett
    • one year ago
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    r = rent Profit = [150 - 4*(r - 460) / 25] * (r - 72.5) There's a start

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