Scott Mason purchased a 5-unit apartment building as an investment before he retired. From the rent he collects each month, Scott pays out $1,025 for expenses. How much rent must he charge for each of the 5 apartments if he wants to make $450 profit each month? The amount of rent is the same for each of the apartments.
2 answers
Anonymous, Bob, Julie, Tim -- serious identity crisis here! Pick one name and use only it.
assuming the listed amounts are a total for all five apartments, then
5x = 1025 + 450
what if his expenses for each apartment are 1025, and he wants to make 450 profit on each apartment?
5x = 1025 + 450
what if his expenses for each apartment are 1025, and he wants to make 450 profit on each apartment?
1 answer