Answer the following question, with explanation first.
Tom decides to open a theater. He knows it will cost $5 per square foot of space that he needs and he needs 12 square feet for every seat in his theater. He wants a 500 seat theater. He also realizes construction will cost twice as much as the land. He has a partner who covers 40% of the cost. How much does Tom spend?

54000
He needs 500 * 12 = 6000 square feet.

This means it cost $5 * 6000 = $30,000.

That means construction comes to $30000 * 2 = $60,000.

So the total cost is $60000 + $30000 = $90,000.

His partner covers $90,000 *.

4 = $36,000.

So he has to pay $90,000 - $36,000 = $54,000.

.

So, the final answer is 54000