(Also great for 5th grade enrichment) Future Entrepreneur Math...

©Arithmetic Crazy 2014

Middle School (Also great for 5th grade enrichment)

Future

Entrepreneur

Math Project Created by: Arithmetic Crazy!

Skills: Fractions, Decimals, Percents, Writing and

Solving Equations, Area of Triangles and

Rectangles, Scale Drawings, Entrepreneurship,

Creativity, and More!

Copyright © 2014 Arithmetic Crazy

All rights reserved by Arithmetic Crazy. Permission to copy for the purchaser's classroom only.

Please do not share or post electronically (this includes websites, blogs, etc.) without permission. Not for public display.

Building Graphics: @Charlotte Braddock 2013

http://www.teacherspayteachers.com/Store/Charlottes-Clips-4150

Name: Period:

Future Entrepreneur Assignment


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Commercial Real Estate:

Commercial real estate is property used for business purposes.

Commercial property is usually not a private home dwelling and it

includes such spaces as an office building, malls, hotels, shopping

centers, warehouses, and more!

Background Information: You are a young entrepreneur starting your first business and you are in need of office

space. After contacting a local real estate agent, she faxed you a few possible locations.

Check out the faxed information below.

Task 1: Your first task (after writing your business plan and securing funding) is to determine your

business location. Use the information in the chart above to fill out the chart below.

Location (Street Address)

Type of

Commercial

Real Estate

Area Rental Cost

101 Dare Avenue Flexible Space 1500 ft2 $19.50 per ft2 per year

27 Curtain Street One-Story Office 570 ft2 $6.05 per ft2 per month

153 Riverdrop Drive Strip Center Space 1850 ft2 $2.54 per ft2 per month


Area Calculate the rental cost

per month.

Calculate the rental

cost per year.

101 Dare Avenue

27 Curtain Street

153 Riverdrop Drive

Name: Period:



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Task 2: Your second task is to determine how much it would cost you to prepare your business

location in order to be able to move in and start your business. Read each scenario below,

complete the chart, and then answer the questions that accompany each scenario before

moving on to the next task.

101 Dare Ave.

What is the total cost of one month's rent, paint, and flooring?

101 Dare Avenue Preparation Cost:

Room Area

Paint Flooring

Paint / Supplies Cost

(including labor)

Write an equation to

determine the cost of

the flooring.

Floor Cost

Room 1

Room 2

Room 3

Total square

feet?

Total cost to paint:

Total cost of

flooring:

Details: There are three rooms located in this office building.

Room 1: 3

1 of the office space:

o The painter charges $149.00 to paint this room.

o Paint and supplies cost $280.77.

o Laminate flooring cost $1.99 per square foot.

Room 2: 4

1 of the office space




Room 3: 12




o Wood flooring cost $3.79 per square foot.

Office Space

1500 ft2

Name: Period:



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27 Curtain Street

Complete the chart below, and then answer the questions that accompany each scenario

before moving on to the next task.


What other cost do you think you would incur in order to get your business up and running?

27 Curtain Street Preparation Cost:

Room Area

Paint Flooring


(including labor)



the flooring.

Floor Cost

Room 1

Room 2

Total square

feet?


Total cost of

flooring:

Details: There are two rooms located in this office building.

Room 1: 20% of the office space: o The painter charges $99.00 to paint this room.


o Tile flooring cost $2.31 per square foot.

Room 2: 80% of the office space o The painter charges $149.00 to paint this room.



Office Space

570 ft2

Name: Period:



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153 Riverdrop Dr.




153 Riverdrop Drive. Preparation Cost:

Room Area

Paint Flooring


(including labor)



the flooring.

Floor Cost

Room 1

Room 2

Room 3

Room 4

Total square

feet?


Total cost of

flooring:

Details: There are four rooms located in this office building.

Room 1: .05 of the office space: o The painter charges $49.00 to paint this room.



Room 2: .15 of the office space o The painter charges $129.00 to paint this room.


o Carpet flooring cost $1.48 per square foot.







Office Space

1850 ft2

Name: Period:



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Task 3: Your third task is to create a two-dimensional scale drawing of each of the office locations.

Use the area of each room and the attached graph paper to determine the dimension of

each room and create a scale drawing of what the setup of the office could look like. Use the

checklist below to help keep you organized. Each square on the graph paper represents 4

square feet in real life; therefore each side of the square is 2 feet in length.

101 Dare Ave: 1500 square feet

Write the property location at the top of the graph paper.

Write your name and the date at the bottom of the graph paper.

Each square on the graph paper represents 4 square feet in real life; therefore, each side of the square

represents 2 feet in length.

Draw room 1 rectangular in shape (keep in mind the square footage of this room - determined in task 2).

o Label the length, width, and total area of the room on your paper. Also, write the label "Room 1" inside

of the shape.

Draw room 2 triangular in shape, let the base = 37.5 feet (solve for the height). You already know the area.

o Label the base, height, and total area of this room on your paper. Also, write the label "Room 2" inside

of the shape.


o Label the length, width, and total area of the room on your paper. Also, write the label "Room 3" inside of

the shape.

27 Curtain Street: 570 square feet







of the shape.

Draw room 2 rectangular in shape, (keep in mind the square footage of this room - determined in task 2).


of the shape.

153 Riverdrop Drive: 1850 square feet


Write your name and date at the bottom of each sheet of graph paper.





of the shape.



the shape.

Draw room 3 triangular in shape, let the height = 20 feet (solve for the base). You already know the area.

o Label the base, height, and total area of this room on your paper. Also, write the label "Room 3" inside

of the shape.



the shape.


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Task 4: Your fourth task is to write a business profile. Brainstorm about a possible business of

your own and then complete the chart and answer the questions below.

Your Name:

Company Name:

Type of business:

Website URL:

(make one up!)

Email Address:

(make one up!)

Which floor plan (out of the three you created during task 3) would you select for your

business? Why?

How do you plan to generate money to keep your business going?

Design your business card below:

Be sure to include, your name, your title, the company name, website, e- mail

address, business address, and your company logo.


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Poor

1 point

Needs (improvement)

2 points

Satisfactory

3 points

Exceptional

4 points

Task 1:

Page 1

1-2 values out of the nine values

on the chart are calculated

correctly.

The correct units / symbols were

not included or they were

included less than half of the time.

3-5 values out of the nine

values on the chart are

calculated correctly.

The correct units / symbols

were included about half of

the time.

6-7 values out of the nine values

on the chart are calculated

correctly.


included the majority of the time.

8-9 of the nine values on the

chart are calculated correctly.


were included with each of

the nine values.

Task 2:

Page 2

1-4 values out of the 16 expected

answers are correct.




5-9 values out of the 16

expected answers are

correct.



the time.


expected answers are correct.

The correct units and / or symbols

were included the majority of the

time.

15-16 values of the 16


The correct units and / or

symbols were included with

each of the16 values.

The question located at the

bottom of the page was

answered in a complete

sentence and is correct.

Task 2:

Page 3

1-3, values out of the 12 expected





Student filled in less than half of

the cells (additional expenses) in

the chart located at the bottom of

the page.

4-6, values out of the 12


correct.



the time.

Student filled in about half of

the cells (additional

expenses) in the chart

located at the bottom of the

page.





Student filled in most of the cells

(additional expenses) in the chart

located at the bottom of the

page.




were included with each of

the 12 values.





Student filled in all of the cells

(additional expenses) in the

chart located at the bottom of

the page.

Task 2:

Page 4








correct.



the time.







The correct units /symbols were

included with each of the 20

values.





Page 10

Name: Period:



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Poor

1 point

Needs (improvement)

2 points

Satisfactory

3 points

Exceptional

4 points

Task 3:

Scale

Drawing of:

101

Dare

Avenue

None of the rooms is in the shape

specified in the directions.

Very few of the dimensions are

correct and labeled.

The three rooms do not have a

combined area of 1500 ft2. It

appears that the student does not

understand how to calculate

possible dimensions when given

the area and the shape.

Less than half of the rooms

are in the shape specified in

the directions.

About half of the dimensions

are correct and labeled.

The three rooms do not have

a combined area of 1500 ft2

but the student shows some

understanding of how to

calculate possible dimensions

when given the area and the

shape.

Half or more of the rooms are in

the shape specified in the

directions.

Room 2 is triangular.

Most of the dimensions are correct

and labeled.

The three rooms do not have a

combined area of 1500 ft2 but it is

close. Additionally, student shows

a good understanding of how to



shape.

Rooms 1 and 3 are

rectangular.


All dimensions are correct and

labeled.

The three rooms have a

combined area of 1500 ft2.

Additionally, the student

understands how to calculate

possible dimensions when

given the area and the shape.

Task 3:

Scale

Drawing of:

27 Curtain

Street

None of the rooms is drawn in the

shape specified in the directions.



The rooms do not have a



understand how to calculate




are drawn in the shape





combined area of 570 ft2 but

the student shows some




shape.

Half or more of the rooms are

drawn in the shape specified in

the directions.


and labeled.



close. Additionally, the student

shows a good deal of

understanding of how to calculate



Rooms 1 and 2 are

rectangular.


labeled.

The rooms have a combined

area of 570 ft2. Additionally,

the student understands how

to calculate possible

dimensions when given the

area and the shape.

Task 3:

Scale

Drawing of:

153

Riverdrop

Drive.

None of the rooms is in the shape




The four rooms do not have a



know how to calculate possible

dimensions when given the area

and the shape.


are drawn in the shape





combined area of 1850 ft2 but

the student shows some




shape.

Half or more of the rooms are

drawn in the shape specified in

the directions.


and labeled.



close. Additionally, the student

shows a good deal of

understanding of how to calculate



Rooms 1, 2, & 4 are

rectangular.



labeled.

The rooms have a combined

area of 1850 ft2. Additionally,

the student understands how

to calculate possible

dimensions when given the

area and the shape.

Task 4:

Page 9

Very little of the business profile is

complete with well thought out

responses.

The business card includes less

than half of the seven requested

components (listed in the

directions).

About half of the business

profile is complete with well

thought out responses.

The business card includes

about half of the seven

requested components (listed

in the directions).

The majority of the business profile

is complete and it includes well

thought-out responses.

The business card includes most of

the seven requested components

(listed in the directions).

The entire business profile is

complete and it includes well

thought-out responses.

The business card includes the

seven requested components

(listed in the directions).

Page 11


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Middle School (Also great for 5th grade enrichment)

Future

Entrepreneur

Math Project Created by: Arithmetic Crazy!

Answer Key

Copyright © 2014 Arithmetic Crazy

All rights reserved by Arithmetic Crazy. Permission to copy for the purchaser's classroom only.

Please do not share or post electronically (this includes websites, blogs, etc.) without permission.

Not for public display

Name: Period:



Pa

ge

1

Commercial Real Estate:

Commercial real estate is property used for business purposes.

Commercial property is usually not a private home dwelling and it

includes such spaces as an office building, malls, hotels, shopping

centers, warehouses, and more!

Background Information: You are a young entrepreneur starting your first business and you are in need of office

space. After contacting a local real estate agent, she faxed you a few possible locations.

Check out the faxed information below.

Task 1: Your first task (after writing your business plan and securing funding) is to determine your

business location. Use the information in the chart above to fill out the chart below.


Type of

Commercial

Real Estate

Area Rental Cost

101 Dare Avenue Flexible Space 1500 ft2 $19.50 per ft2 per year

27 Curtain Street One-Story Office 570 ft2 $6.05 per ft2 per month

153 Riverdrop Drive Strip Center Space 1850 ft2 $2.54 per ft2 per month


Area Calculate the rental cost

per month.

Calculate the rental

cost per year.

101 Dare Avenue 1500 ft2

$2,437.50

$29,250

27 Curtain Street 570 ft2

$3,448.50

$41,382

153 Riverdrop Drive 1850 ft2

$4,699.00

$56,388

Answer Key

Name: Period:



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Task 2: Your second task is to determine how much it would cost you to prepare your business

location in order to be able to move in and start your business. Read each scenario below,

complete the chart, and then answer the questions that accompany each scenario before

moving on to the next task.

101 Dare Ave.

What is the total cost of one month's rent, paint, and flooring? $7,475.43

101 Dare Avenue Preparation Cost:

Room Area

Paint Flooring


(including labor)



the flooring.

Floor Cost

Room 1

500 ft2

$429.77

1.99a = c

$995.00

Room 2

375 ft2

$161.16

1.99a = c

$746.25

Room 3

625 ft2

$337.00

3.79a = c

$2,368.75

Total square

feet? 1500 ft2


$927.93

a= area of the floor in

square feet.

c=cost of the flooring.

Total cost of

flooring:

$4,110

Details: There are three rooms located in this office building.

Room 1: 3

1 of the office space:




Room 2: 4





Room 3: 12





Office Space

1500 ft2

Answer Key

Name: Period:



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27 Curtain Street




What other cost do you think you would incur in order to get your business up and running?

Utilities

Internet Service Taxes

Insurance

Advertising Incidentals

Staff / Employees

Office Supplies Office Furniture

Wages

Cleaning Supplies Business Cards

27 Curtain Street Preparation Cost:

Room Area

Paint Flooring


(including labor)



the flooring.

Floor Cost

Room 1

114 ft2

$157.20

2.31a = c

$263.34

Room 2

456 ft2

$245.00

2.31a = c

$1,053.36

Total square

feet? 570 ft2


$402.20


square feet.


Total cost of

flooring:

$1,316.70

Details: There are two rooms located in this office building.

Room 1: 20% of the office space: o The painter charges $99.00 to paint this room.



Room 2: 80% of the office space o The painter charges $149.00 to paint this room.



Office Space

570 ft2

Answer Key

Name: Period:



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153 Riverdrop Dr.




153 Riverdrop Drive. Preparation Cost:

Room Area

Paint Flooring


(including labor)



the flooring.

Floor Cost

Room 1

92.5 ft2

$75.87

2.48a = c

$229.40

Room 2

277.5 ft2

$191.16

1.48a = c

$410.70

Room 3

370 ft2

$165.00

1.48a = c

$547.60

Room 4

1,110 ft2

$387.40

3.79a = c

$4,206.90

Total square

feet? 1,850 ft2


$819.43


square feet.


Total cost of

flooring:

$5,394.60

Details: There are four rooms located in this office building.

Room 1: .05 of the office space: o The painter charges $49.00 to paint this room.












Office Space

1850 ft2

Answer Key

Name: Period:



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Task 3: Your third task is to create a two-dimensional scale drawing of each of the office locations.

Use the area of each room and the attached graph paper to determine the dimension of

each room and create a scale drawing of what the setup of the office could look like. Use

the checklist below to help keep you organized. Each square on the graph paper

represents 4 square feet in real life; therefore each side of the square is 2 feet in length.

101 Dare Ave: 1500 square feet






o Label the length, width, and total area of the room on your paper. Also, write the label "Room 1"

inside of the shape.

Draw room 2 triangular in shape, let the base = 37.5 feet (solve for the height). You already know the area.

o Label the base, height, and total area of this room on your paper. Also, write the label "Room 2"




of the shape.

27 Curtain Street: 570 square feet








Draw room 2 rectangular in shape, (keep in mind the square footage of this room - determined in task 2).



153 Riverdrop Drive: 1850 square feet










of the shape.

Draw room 3 triangular in shape, let the height = 20 feet (solve for the base). You already know the area.

o Label the base, height, and total area of this room on your paper. Also, write the label "Room 3"




of the shape.

Answer Key


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Answer Key

101 Dare Ave: 1500 square feet Scale Drawings will vary!



Each square on the graph paper represents 4 square feet in real life; therefore, each side of

the square represents 2 feet in length.

Draw room 1 rectangular in shape (keep in mind the square footage of this room -

determined in task 2). Room 1: 500 ft2 = Possible Dimensions are:

25 ft x 20 ft

50 ft x 10 ft

40 ft x 12.5 ft o Label the length, width, and total area of the room on your paper. Also, write the

label "Room 1" inside of the shape.

Draw room 2 triangular in shape, let the base = 37.5 feet (solve for the height). You already

know the area.

o Label the base, height, and total area of this room on your paper. Also, write the


Room 2: 375 ft2

Base = 37.5 ft

Height = 20 ft


determined in task 2).

Room 3: 625 ft2 = Possible Dimensions are:

25 ft x 25 ft

50 ft x 12.5 ft

o Label the length, width, and total area of the room on your paper. Also, write the label

"Room 3" inside of the shape.


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Answer Key

27 Curtain Street: 570 square feet Scale Drawings will vary!






determined in task 2). Room 1: 114 ft2 = Possible Dimensions are:

6 ft x 19 ft

4 ft x 28.5 ft

2 ft x 57 ft o Label the length, width, and total area of the room on your paper. Also, write the


Draw room 2 rectangular in shape, (keep in mind the square footage of this room -


Room 2: 456 ft2 = Possible Dimensions are:

24 ft x 19 ft

16 ft x 28.5 ft

8 ft x 57 ft o Label the length, width, and total area of the room on your paper. Also, write the



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Answer Key

153 Riverdrop Drive: 1850 square feet Scale Drawings will vary!







Room 1: 92.5 ft2 = Possible Dimensions are:

5 ft x 18.5 ft

10 ft x 9.25 ft

2.5 ft x 37 ft o Label the length, width, and total area of the room on your paper. Also, write the




Room 1: 277.5 ft2 = Possible Dimensions are:

15 ft x 18.5 ft

10 ft x 27.75 ft

7.5 ft x 37 ft o Label the length, width, and total area of the room on your paper. Also, write the label


Draw room 3 triangular in shape, let the height = 20 feet (solve for the base). You already

know the area.

Room 3: 370ft2

Height = 20 ft

Base = 37 ft o Label the base, height, and total area of this room on your paper. Also, write the




Room 4: 1,110 ft2 = Possible Dimensions are:

40 ft x 27.75 ft

30 ft x 37 ft o Label the length, width, and total area of the room on your paper. Also, write the label



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Task 4: Your fourth task is to write a business profile. Brainstorm about a possible business of

your own and then complete the chart and answer the questions below.

Your Name:

Company Name:

Type of business:

Website URL:

(make one up!)

Email Address:

(make one up!)

Which floor plan (out of the three you created during task 3) would you select for your

business? Why?

How do you plan to generate money to keep your business going?

Design your business card below:

Be sure to include, your name, your title, the company name, website, e- mail

address, business address, and your company logo.

Answer Key – Answers will vary for this page.


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Teacher Directions:

Print and staple pages 1-11 for each student.

Preview the rubric with students.

Preview the assignment with students.

Additional Information:

If students are not aware of how to create scale

drawings or if they have difficulty seeing that one

square on the graph is 4 square feet in real life, you

can modify the directions to state that one square

on the graph is 1 square foot in real life. If the

directions are modified as explained above,

students will need several sheets of graph paper for

each property.

(Also great for 5th grade enrichment) Future Entrepreneur Math...

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