contestada

To manage a rental property, a property manager charges $65 per month plus 6% of the rent.
If Jack pays the property manager $164 each month, what is the monthly rent on his property?

Respuesta :

quasarJose

Given parameters:

Charge per month  = $65

Percentage on rent= 6%

Amount paid by Jack per month = $164

Unknown:

Monthly rent on his property = ?

Solution:

  Monthly rent on his property can be found by;

  Amount paid by Jack per month = Charge per month + 6% of monthly rent

Let the monthly rent = x ;

  So;

              164  = 65 + [tex]\frac{6}{100} x[/tex] x

              164 - 65  = [tex]\frac{6x}{100}[/tex]

                   99  = [tex]\frac{6x}{100}[/tex]

                   6x = 9900

                    x = 1650

Monthly rent on his property is $1650