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Mathematics - Other

A property management company manages 200 apartments renting for $800.00 each with all the apartments rented. For each $10.00 pre month increase in rent there will be 2 vacancies with no possibility of filling them. what rent per apartment will maximize the total monthly revenue?

Solution Preview

In the normal course, the revenue earned by the company by renting out 200 apartments,

each at $800 = 200(800) = ...

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$2.19