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#1 (permalink) |
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Eager!
![]() Join Date: May 2008
Posts: 36
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quant problem , plz help me ,how to solve the above problem ...
Cottages at a resort are rented for half the summer price in each of the 3 spring months and one-third the summer price in each of the 6 fall and winter months. If each cottage brings in a total of $3,861 when rented for each of the 12 months of the year, what is the monthly rent for each of the 3 summer months?
(A) $297 (B) $594 (C) $702 (D) $858 (E) $1,782 |
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#2 (permalink) |
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Let's get it on
![]() ![]() Join Date: May 2008
Location: India
Posts: 331
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Let the summer price be x. Hence, the spring price is x/2, while the fall and winter price is x/3. There are 3 months of each season. Hence, the annual revenue is
3*x/2 + 3*x + 6*x/3 = $3861 Hence, x = $594 (B) is the monthly rent. (E) is the rent for the whole summer. |
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