Scott Mason purchased a 4 unit apartment building as an investment before he retired. From the rent he collects each month, Scott pays out $800 for expenses. How much rent must he charge (in dollars) for each of the 4 apartments if he wants to make $600 profit each month? The amount of rent is the same for each of the apartments.
Scott Mason purchased a 4 unit apartment building as an investment before he retired. From the rent he collects each month, Scott pays out $800 for expenses. How much rent must he charge (in dollars) for each of the 4 apartments if he wants to make $600 profit each month? The amount of rent is the same for each of the apartments.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Systems Of Equations
Section11.CR: Review Problem Set
Problem 36CR: Sara invested 2500, part of it at 4 and the rest at 6 yearly interest. The yearly income on the 6...
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Set up and solve an equation for the following business situation.
Scott Mason purchased a 4 unit apartment building as an investment before he retired. From the rent he collects each month, Scott pays out $800 for expenses. How much rent must he charge (in dollars) for each of the 4 apartments if he wants to make $600 profit each month? The amount of rent is the same for each of the apartments.
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