A community for students. Sign up today!
Here's the question you clicked on:
 0 viewing
 7 months 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.)
 7 months 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.)

This Question is Closed

IloveHW
 7 months ago
Best ResponseYou've already chosen the best response.0i am kinda confused how to start it

IloveHW
 7 months ago
Best ResponseYou've already chosen the best response.0like their is so much info i dont know what to do

BangkokGarrett
 7 months ago
Best ResponseYou've already chosen the best response.0r = rent Profit = [150  4*(r  460) / 25] * (r  72.5) There's a start
Ask your own question
Ask a QuestionFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.