You observe two locations. location a has 140 passersby per hour and rents for $1,000. location b has 230 passersby per hour and rents for $1,500. which location has the lower rent per passerby?

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Business

15 June, 11:03

You observe two locations. location a has 140 passersby per hour and rents for $1,000. location b has 230 passersby per hour and rents for $1,500. which location has the lower rent per passerby?

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Answers (1)

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Esther Huber · Answer 1

Answer: location b

Explanation:

The rent of the house in location a per passerby is obtained as follows

(rent per passerby) = (total rent in location a) / (number of passerby)

= ($1,000) / 140

= $7.14 (for location a)

Similarly, the rent per passerby in location b is given by

(rent per passerby) = (total rent in location b) / (number of passerby)

= ($1,500) / 230

= $6.52 (for location b)

Hence, the rate of rent per passerby in location a is $7.14 while it is $6.52 in location b. Therefore, location b has lower rent per passerby.