According to the problem, the revenue currently generated is $35,000. Substitute this value for revenue into the
Question:
According to the problem, the revenue currently generated is $35,000. Substitute this value for revenue into the equation from Exercise 59. Solve for x to answer the question in the problem.
The manager of an 80-unit apartment complex knows from experience that at a rent of $300, all the units will be full. On the average, one additional unit will remain vacant for each $20 increase in rent over $300. Furthermore, the manager must keep at least 30 units rented due to other financial considerations. Currently, the revenue from the complex is $35,000. How many apartments are rented?
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Step by Step Answer:
Set the revenue equal to 35000 This gives the equation 35000 24000 1300x 20x 2 where x ...View the full answer
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Related Book For 
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
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