What is the average rent if the rents for apartments are 1 @ $500, 2 @ $600, 2 @ $650, and 1 @ $750?

To find the average rent for the apartments, you first need to calculate the total rent collected from all units and then divide that total by the number of units.

Begin by determining the total rent:

• For 1 apartment at $500: ( 1 \times 500 = 500 )

• For 2 apartments at $600: ( 2 \times 600 = 1200 )

• For 2 apartments at $650: ( 2 \times 650 = 1300 )

• For 1 apartment at $750: ( 1 \times 750 = 750 )

Now add all these amounts together to get the total rent:

[

500 + 1200 + 1300 + 750 = 2750

]

Next, count the total number of apartments:

• 1 + 2 + 2 + 1 = 6 apartments

Now, to find the average rent, divide the total rent by the number of apartments:

[

\text{Average Rent} = \frac{2750}{6} \approx 458.33

]

Oops! It looks like I've made a mistake in the calculation. Let’s check that again.

In fact,