SOLUTION
Let us use a diagram to illustrate the information, we have
Now, from the diagram, let the length of the uniform strip of floor around the rug be x, So, this means the length and width of the rug is

Now, since she can afford to buy a rug of 264 square feet for carpeting, this means that the area of the rug is 264, hence we have that

Solving for x, we have

Dividing through by 4 we have

So from our calculation, we go for x = 3, because 20 is large look at this

length cannot be negative, so we go for x = 3.
Hence the dimensions of the rug becomes

So the dimension of the rug should be 22 x 12 feet