A real estate office handles 50 apartment units. When the rent is $270 per month, all units are occupied. However, on the average, for each $15 increase in rent, one unit becomes vacant. Also, each occupied unit requires an average of $18 per month for service and repairs. Write an equation that describes the Profit in the given situation. Remember profit = income - expenses

the hint included is: Let x be the number of vacant/unoccupied units. When the rent is $270 how many units are vacant? Also if you know the number of unoccupied units how many must be occupied?

Question

A real estate office handles 50 apartment units. When the rent is $270 per month, all units are occupied. However, on the average, for each $15 increase in rent, one unit becomes vacant. Also, each occupied unit requires an average of $18 per month for service and repairs. Write an equation that describes the Profit in the given situation. Remember profit = income - expenses

the hint included is: Let x be the number of vacant/unoccupied units. When the rent is $270 how many units are vacant? Also if you know the number of unoccupied units how many must be occupied?

anonymous · Answer

Profit = (50-x)(270+15x) - 18(50x)