a retail firm has allocated 1,500 square feet in a new store for the handbag department. if sales per square foot are planned at $450, what annual sales volume would be expected?

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28-10-2022
Business

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a retail firm has allocated 1,500 square feet in a new store for the handbag department. if sales per square foot are planned at $450, what annual sales volume would be expected?

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ayune ayune · Answer 1 · 2022-11-01T09:42:15-04:00

If sales per square foot are planned at $450, then the expected annual sales of 1,500 square feet will be $675,000.

The unitary approach is a methodology for solving problems that involves first determining the value of a single unit and then multiplying that value by the required value.

From the problem, let's take 1 square foot as 1 unit.

The expected sales per unit = $450

1,500 square feet = 1500 units.

Hence,

The expected annual sales = The expected sales per unit x the number of units.

The expected annual sales = $450 x 1500 units

The expected annual sales = $675,000

Learn more about unitary method here:

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