Question

Anne owns an art supply store. Anne is analyzing the store's expenses and income because she wants to increase the store's profits. The expenses include renting 1,250 square feet of space for $13,750 per month. The store has only one employee, who is paid $8.00 per hour plus 8% commission. Much of the store's income comes from the sale of blank painting canvases and frames. The table shows the price of canvases and frames sold at the store.

ART STORE PRICE
Dimensions(in inches) Canvas Price Frame Price
8 by 10 $6.43 $25.48
16 by 20 $11.65 $ 49.48
18 by 24 $18.47 $ 61.98
24 by 36 $22.80 $ 89.98

What is the rental cost, in dollars per square foot, that Anne pays for the art store's space?

Answer 1

To find the rental cost per square foot, divide the total monthly rent by the total square footage of the store. In this case, the rental cost per square foot for Anne's art store is $11.

Step-by-step explanation:

To find the rental cost per square foot, we need to divide the total monthly rent by the total square footage of the store. In this case, Anne pays $13,750 per month for a space of 1,250 square feet. To find the rental cost per square foot, divide $13,750 by 1,250:

Rental cost per square foot = 13,750 / 1,250 = $11 per square foot

Answer 2

Anne pays for the art store's space per square foot is $11.

Step-by-step explanation:

As given

Anne owns an art supply store.

Anne is analyzing the stores expenses and income because she wants to increase the store's profits.

The expenses include renting 1,250 square feet of space for $13,750 per month.

i.e

1250 square foot = $ 13750 per month

Than

`Rental\ cost\ per\ square\ foot = (Total\ cost\ of\ area\ rented)/(Total\ area)`

`Rental\ cost\ per\ square\ foot = (13750)/(1250)`

Rental cost per square foot = $11

Therefore the Anne pays for the art store's space per square foot is $11.