Scott Mason purchased a 4-unit apartment building as an investment before he retired. From the rent he collects each month, Scott pays out $600 for expenses. How much rent must he charge for each of the 4 apartments if he wants to make $500 profit each month? The amount of rent is the same for each of the apartments.

Question

bibby · Answer

600 (expenses) + 500 (profit) = 1100

That has to be distributed among the 4 apartments (division)

anonymous · Answer

god thank you i have been working on this for an hour

bibby · Answer

No problem. Does it tell you whether or not you're right yet?

anonymous · Answer

im going to check right now
hold on

anonymous · Answer

would be 275.00 per unit
it is correct thank you so much

anonymous · Answer

I am having a real hard time with word problems  can you help me with one more maybe?

bibby · Answer

Yeah. Post a new question and tag me using @bibby. I'll try actually explaining how to work it out this time