The Weyland Corporation owns five office buildings that it leases to other businesses. The lease per square foot differs by building due to its location and amenities. Data on these buildings in given in the following table:

PRICE PER SQ$.$ FT$.$

$($$$)$

AREA

$(1,000\text{'}$S OF SQ$.$ FT$.)$

BUILDING $1$

$75$

$125$

BUILDING $2$

$67$

$38$

BUILDING $3$

$90$

$78$

BUILDING $4$

$85$

$35$

BUILDING $5$

$70$

$40$

Based on this information, what is the weighted average price per sq$.$ ft$.$ for these five buildings?

Question $5$ options:

$$78\mathrm{.}22$

$$63\mathrm{.}87$

$$77\mathrm{.}40$

$$75$

Answer rating: 100% (QA)

To calculate the weighted average price per square foot for the five buildings we need to consider ... View the full answer