+87 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.
$
+130511 Since he pays out $600 each month and he wants to make a proit of $500, he must collect $500 more than his expenses....so.....600 + 500 = 1100 ....so he must collect $1100 in rent from the 4 apartmenrs.
And the amount he must collect from each is just $1100/4 = $275
