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Old 06-17-2008, 07:48 AM   #1 (permalink)
sandeep641
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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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Old 06-17-2008, 09:12 AM   #2 (permalink)
Goldust
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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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