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Sales revenue

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Application Problem 1S (Sales Revenue Problem)

The owner of an apartment complex knows he can rent all 50 apartments when the monthly rent is $400. He thinks that for any 25$ increase in the rent, he will loose 2 tenants. Write a linear polynomial for the rent price P and a linear polynomial for the number of apartments (Q).

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Solution Summary

This shows how to write polynomials for a given situation involving leasing apartments.

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Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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  • "Thank you, this helped a lot. I was not sure how to plug in those numbers to a formula. This was a great help. Now I have to figure out how to explain cost of capital is used in net present value analysis, and how cost of capital is used in net present value analysis. This stuff gets confusing."
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