Mathematics

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1 March, 07:51

Set up and solve an equation for the following business situation.

Scott Mason purchased a 5 unit apartment building as an investment before he retired. From the rent he collects each month, Scott pays out $600 for expenses. How much rent must he charge (in dollars) for each of the 5 apartments if he wants to make $800 profit each month? The amount of rent is the same for each of the apartments.

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