Question

A real estate company owns 180 apartments which are fully occupied when the rent is $300 per month. The company estimates that for each $10 increase in rent, five apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?

Answer 1

@ghazi

Answer 2

this is good lol

Answer 3

do you know how to do it?

Answer 4

i was told to set it up as \(Revenue=(180-5x)*(300+10x) \) but i dont know why
and i dont know how to do this either

Answer 5

where x is the number of $10 increases

Answer 6

see, i think with each increase of $10 5 apartment is unoccupied so is the number of apartment unoccupied therefore revenue = (180-5x)*(300+10x) which means increase in $10 would just reduce 5 number of flats but will increase the gross revenue

Answer 7

okay but when i solve that i get 2.9999 for x

Answer 8

what was your revenue

Answer 9

when i solve it i get $54,450

Answer 10

is that correct?

Answer 11

yes, it seems correct

Answer 12

okay how can i check my answer?

Answer 13

well, sorry honestly i have no idea about this

Answer 14

okay no prom...thanks though :) ....@precal ?

Answer 15

@precal

Answer 16

is this business calculus?

Answer 17

its precalc

Answer 18

sorry, do not have a clue

Answer 19

:\ ...okay

Answer 20

nevermind guys..i got it...i think.....watever