A real estate agency offers three apartments for rent in New Mexico City. The expected total revenue per month from monthly rentals for the three apartments is $1,600. The individual owners of these apartments bear the monthly maintenance costs of 20% of the rent for the first two apartments and 25% of the rent for the third apartment, which is a total amount of $345. The agency charges a monthly fee equal to 10% of the rent for apartments 1 and 3 and a fee equal to 20% of the rent for apartment 2. The monthly rent plus agency fees totals $1,875. Let x, y, and z represent the monthly rental for the first, second, and third apartments, respectively.

Question

Bradyn Wang

Mathematics

30 May, 02:35

A real estate agency offers three apartments for rent in New Mexico City. The expected total revenue per month from monthly rentals for the three apartments is $1,600. The individual owners of these apartments bear the monthly maintenance costs of 20% of the rent for the first two apartments and 25% of the rent for the third apartment, which is a total amount of $345. The agency charges a monthly fee equal to 10% of the rent for apartments 1 and 3 and a fee equal to 20% of the rent for apartment 2. The monthly rent plus agency fees totals $1,875. Let x, y, and z represent the monthly rental for the first, second, and third apartments, respectively.

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Zachary · Answer 1

Monthly maintenance costs of 20% of the rent for the first two apartments and 25% of the rent for the third apartment, which is a total amount of $345 (0.2) x + (0.2) y + (0.25) z = 345