A real estate company owns 120 apartments which are fully occupied when the rent is $700 per month. Analytics indicate that for each $35 increase in rent, 5 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?
A real estate company owns 120 apartments which are fully occupied when the rent is $700 per month. Analytics indicate that for each $35 increase in rent, 5 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter5: Systems Of Linear Equations
Section5.1: Solve Systems Of Equations By Graphing
Problem 68E: A marketing company surveys 1,200 people. They surveyed twice as many females as males. How many...
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A real estate company owns 120 apartments which are fully occupied when the rent is $700 per month. Analytics indicate that for each $35 increase in rent, 5 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?
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