A company handles an apartment building with 80 units. Experience has shown that if the rent for each of the units is $360 per month, all the units will be filled, but 1 unit will become vacant for each $10 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 $600 per month?

Question

A company handles an apartment building with 80 units. Experience has shown that if the rent for each of the units is $360 per month, all the units will be filled, but 1 unit will become vacant for each $10 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 $600 per month? ​

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The Answer of A company handles an apartment building with 80 units. Experience has shown that if the rent for each of the units is $360 per month, all the units will be filled, but 1 unit will become vacant for each $10 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 $600 per month? ​

A Company Handles an Apartment Building with 80 Units