2. A lady owns a boutique that sells jewelry made by her husband and other local artists. She is considering expanding the business by opening a second store. The current store has 1200 ft of retail and 400 ft’ of space for administrative offices. For the new store she would like to double the retail space and triple the administrative space of the current store. At the time the current shop was purchased, retail space sold for $75/ft and general office space cost $30/ft. The cost indexes at the time were 153 for retail space and 120 for office space. The costs indexes are now 140 for retail space and 132 for office space. Estimate the cost for her to purchase a second store.

2. A lady owns a boutique that sells jewelry made by her husband and other local artists. She is considering expanding the business by opening a second store. The current store has 1200 ft of retail and 400 ft’ of space for administrative offices. For the new store she would like to double the retail space and triple the administrative space of the current store. At the time the current shop was purchased, retail space sold for $75/ft and general office space cost $30/ft. The cost indexes at the time were 153 for retail space and 120 for office space. The costs indexes are now 140 for retail space and 132 for office space. Estimate the cost for her to purchase a second store.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Concept explainers

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.

Question

2. A lady owns a boutique that sells jewelry made by her
husband and other local artists. She is considering
expanding the business by opening a second store. The
current store has 1200 ft of retail and 400 ft’ of space for
administrative offices.
For the new store she would like to double the retail space
and triple the administrative space of the current store.
At the time the current shop was purchased, retail space sold
for $75/ft and general office space cost $30/ft.
The cost indexes at the time were 153 for retail space and
120 for office space. The costs indexes are now 140 for retail
space and 132 for office space.
Estimate the cost for her to purchase a second store.

Expert Solution

Step 1

Given,

Privious cost price is $75 per ${ft}^{2}$ for retail and $30 ${ft}^{2}$

cost indexes now are 140 fro retail and 132 for office space.

Privious cost indexes were 153 for retail and 120 for office.

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Solved in 2 steps

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