Question

An apartment management firm tends an apartment block containing 150 units. All 150 units are rented at $460 per unit with each unit costing $72.50/month for utility and repairs. For every $25 rent increase, four fewer apartments are occupied. What rent should be charged in order to realize the most profit? (Assume that rent would only be increased by a multiple of $25.)

Answer 1

i am kinda confused how to start it

Answer 2

like their is so much info i dont know what to do

Answer 3

r = rent
Profit = [150 - 4*(r - 460) / 25] * (r - 72.5)

There's a start