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A retail store has 10,000 square feet of space and incurs rent costs of $5,000 per month. If Department A uses 2,000 square feet of space, the amount of rent allocated to the department will be $.

Question

A retail store has 10,000 square feet of space and incurs rent costs of 5,000permonth.IfDepartmentAuses2,000squarefeetofspace,theamountofrentallocatedtothedepartmentwillbe5,000 per month. If Department A uses 2,000 square feet of space, the amount of rent allocated to the department will be .

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Solution

To calculate the amount of rent allocated to Department A, we need to determine the cost per square foot and then multiply that by the amount of square footage Department A uses.

Step 1: Calculate the cost per square foot The total cost of rent is $5,000 and the total square footage is 10,000. So, we divide the total cost by the total square footage to get the cost per square foot.

5,000/10,000squarefeet=5,000 / 10,000 square feet = 0.50 per square foot

Step 2: Calculate the amount of rent allocated to Department A Department A uses 2,000 square feet of space. So, we multiply the cost per square foot by the amount of square footage Department A uses.

0.50persquarefoot2,000squarefeet=0.50 per square foot * 2,000 square feet = 1,000

So, the amount of rent allocated to Department A is $1,000.

This problem has been solved

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