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An​ architect-engineering firm is planning a parking lot to accommodate 500 vehicles. Each parking space will be 8 feet times 13.5 feet. It has been estimated that the space required for aisles will be 85​% of the space required for parking. A local paving company charges ​$13 per square foot for paving and a flat fee of ​$10 comma 200 for marking and painting the individual parking spaces. Based on this​ information, what is the estimated cost of paving and marking this parking​ lot?

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Answer:

Estimate cost of paving and marking = $1,308,900

Step-by-step explanation:

Each parking space = 8 ft × 13.5 ft

= 108 ft²

total area of the parking = 108 × 500

= 54,000 ft²

space required for aisles = 85% × 54000

= 45900 ft²

Total area = 54000 + 45900 = 99900 ft²

total paving charges = 99,900 × $ 13 = $ 1,298,700

cost of making and painting = $10,200

Estimate cost of paving and marking = $ 1,298,700 + $10,200

Estimate cost of paving and marking = $1,308,900

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