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PS: Condominium (m06q35)

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Senior Manager
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Joined: 19 Mar 2008
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PS: Condominium (m06q35) [#permalink]

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New post 15 Aug 2008, 09:59
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A Commonwealth condominium complex has k apartments, n of which are rented at s dollars providing the total revenue of p dollars. If the management is planning to decrease the rent by m%, bringing the occupancy to 100%, how much total revenue will it collect?

(k-n)p/m
k*(s/p)*(m/100)
k+s/p+km
sp/(100m)
sk*(1-m/100)

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Re: PS: Condominium [#permalink]

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New post 15 Aug 2008, 13:37
(E)
Original rent = s; New rent = s(1-m/100) [for m% decrease] so Revenue with 100% occupancy = Total Apartments (multiplied by) New Rent = ks(1-m/100).

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Re: PS: Condominium   [#permalink] 15 Aug 2008, 13:37
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PS: Condominium (m06q35)

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