Question 66 2 points If there are 200000 consumers in a give

Question 66 (2 points) If there are 200,000 consumers in a given market who spend an average of $40.00 per year on video tapes and there are 12 video stores located in the market area with a total of 140,000 square feet of selling area, the calculated Sales Per Square Foot for the area would be: $14.20 $57.14 $66.70 $75.10 none of the above

Solution

No of consumers=200,000

Per consumer spend per year=$40

so, Total Spend per year by all consumers=200,000* $40=$8000000

Total selling Area=140,000 Square feet

therefore sales per square foot=(total spend)/(total selling area)=$80,00,000/140,000=$ 57.14 per square feet