Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and charges rent of $833 per month. Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year? a. $127,250 b. $149,940 c. $35,185 d. $102,260

Question

Mathematics

Danna Church

21 July, 22:46

Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and charges rent of $833 per month. Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year? a. $127,250 b. $149,940 c. $35,185 d. $102,260

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Bridget · Answer 1

A. $127,250

Step-by-step explanation:

We are given that there are 15 rental units in the building and Vincent charges $833 rent per month from each unit.

Therefore, total rent charged by Vincent per month = $833 * 15 = $12,495

So, total rent charged by Vincent per year = $12,495 * 12 = $149,940

Now, we know that Vincent pays $22,690 tax per year.

Therefore, total profit of Vincent per year = $149,490 - $22,690 = $127,250.