Problema Solution

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.

Answer provided by our tutors

let x= the amount of rent per apartment


4x - 600 = 500


by solving the equation we find


x = $275


click here to see the step by step solution of the equation


Click to see all the steps