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 sales of blank painting canvases and frames. The table shows the prices of the canvases and frames sold at the store.

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

Answer 1

Anne pays a rental cost of $11 per square foot for the art supply store's space, which is determined by dividing the total monthly rent of $13,750 by the total square footage of 1,250.

Step-by-step explanation:

To calculate the rental cost per square foot that Anne pays for the art store's space, 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 1,250 square feet. So, the calculation would be:

Cost per square foot = Total monthly rent / Total square footage

Therefore, the cost per square foot is:

Cost per square foot = $13,750 / 1,250 square feet

Cost per square foot = $11 per square foot