What is the monthly rent on his property?

Question

To manage a rental property, / property manager charges $59 per month plus 8% of the rent. Write an equation to represent the total monthly fees charged by the property manager. If jack payes the property manager $165 each month, what is the monthly rent on his property? If jack raises the rent on the house to 1,495 how much more will he pay the property manager each month?

Answer 1

c = 59 + .08r

 

165 = 59 + .08r

.08r = 106

r = 1325

 

If he raises the rent $100, he makes $8 more, since percent is out of 100.