Thread: applications

The cost of erecting a building is $1,000,000 for the first floor, $1,100,000 for the second floor, $1,200,000 for the third floor and so on. If the lot and the other initial costs are $5,000,000 and each floor produces $200,000 annual income how many floors should be built to maximize profit for the first 10 years?

Originally Posted by rockstarzy

The cost of erecting a building is $1,000,000 for the first floor, $1,100,000 for the second floor, $1,200,000 for the third floor and so on. If the lot and the other initial costs are $5,000,000 and each floor produces $200,000 annual income how many floors should be built to maximize profit for the first 10 years?

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