A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is $1080 per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. What rent should be charged to maximize the total revenue from the building if the upper limit on the rent is $1300 per month?

Q: A campus bookstore marks up clothing to provide for overhead expenses of 20% of cost and a profit of…

A: Solution: We have to  determine the markdown rate at which the bookstore can break even on sales, we…

Q: The specialized magazine Negocios de América has an annual registration fee of $ 20, and last year…

A: Given information: Annual registration fee of a magazine = $ 20. Number of subscriber  = 2,000 For…

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A: Let x be the number of shares of Toronto Dominion Bank (TD) and y be the number of shares of CNA…

Q: To accommodate more depositors, new investment products were made available to the small businesses…

A: 1st we will form system of linear equation using three variable and then solve it by using inverse…

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A: Given that a manufacturing process has a fixed cost of $150,000 per month. Each unitof product is…

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Q: A car rental agency rents 200 cars per day at a rate of $30 per day. For each $1 increase in rate, 5…

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Q: A group of 20 senior citizens can charter a bus for a one-day excursiontrip for $15 per person. The…

A: Given :           A group of 20 senior citizens can charter a bus for a one-day excursion trip…

Q: If the projected salary expenses is $600,000,000 and the number of employees is 4000, how many more…

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Q: If an investment decreases 1% the first year, 6% the second year and 9% the third year, what is the…

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Q: Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15…

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Q: To open a small business you need an initial investment of $85,000. Your costs each week will be…

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Q: The Metropolitan Company sells its latest product at a unit price of $8. Variable costs are…

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Q: The Midtown Nursing Facility has fixed costs amounting to $200,000. At an occupancy rate of 100…

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Q: Richard and Samantha are charting their monthly cash flow. They have some expenses like car repairs…

A: We have to find the amount to set aside.

Q: Eddie is a production engineer for a major supplier of component parts for cars. He has determined…

A: Given Information :  Eddie is a production engineer for a major supplier of component parts for…

Q: Sacred Heart’s yearbook committee is comparing prices from two different companies to print this…

A: given that  Company A: charges $5 000 for set up plus $4 per copy.Company B: charges $14 per copy…

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Q: Question 1. Show that if S,TEL(V, W), then M(S+T)= M(S) + M(T).

A: Given: S, T∈LV, W We need to prove that, MS+T=MS+MT.

Q: The business manager of a 90 unit apartment building is trying to determine the rent to be charged.…

A: Let he should increase the rent by $20 , x times So the new rent is = 400+20x And units sold = 90-x…

Q: If an investment increases 1% the first year, 5% the second year and 9% the third year, what is the…

A: Let the investment at starting is = x   Increase in first year =1 % increase in second year = 5%…