Question

To manage a rental property, a property manager charges $65 per month plus 6% of the rent.

If Jack pays the property manager $164 each month, what is the monthly rent on his property?

Answer 1

Given parameters:

Charge per month = $65

Percentage on rent= 6%

Amount paid by Jack per month = $164

Unknown:

Monthly rent on his property = ?

Solution:

Monthly rent on his property can be found by;

Amount paid by Jack per month = Charge per month + 6% of monthly rent

Let the monthly rent = x ;

So;

164 = 65 +
`(6)/(100) x` x

164 - 65 =
`(6x)/(100)`

99 =
`(6x)/(100)`

6x = 9900

x = 1650

Monthly rent on his property is $1650