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
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