Question

Marcy charges $575 per month to rent a room at her eight-room apartment complex. Running the complex costs Marcy $9,880 per year in upkeep. Assuming that all of the rooms are rented out, how much does Marcy make from her apartment complex every year?
a.
$55,200
b.
$45,320
c.
$65,080
d.
$16,780

Answer 1

Monthly income = 8 rooms × $575 = $4,600.
Yearly income = $4,600 × 12 = $55,200.
Net after upkeep = $55,200 − $9,880 = $45,320.

Answer: b. $45,320