skylerh05ow31p3 skylerh05ow31p3
  • 21-11-2017
  • Mathematics
contestada

A gallery owner purchased a very old painting for $3000 to painting sells at 325% increase in price and use of retail price of the Painting

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tgpatterson02
tgpatterson02 tgpatterson02
  • 21-11-2017
If you asking for the price after the increase, you have to turn the percent into a decimal:

325% ---> 3.25

Then multiply the price to the percent:

3000 x 3.25 = 9750

Then add that to the original cost:

3000 + 9750 = 12,750 

So the person would be selling it at $12,750

Hope this helps!
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susuA susuA
  • 21-11-2017
painting for a 10% increase in price, its retail price would be (1 + 0.1)*($3000) = 1.1*($3000) = $3300.

By the same logic, a 325% increase in price would be (1 + 3.25)*($3000) = 4.25*($3000) = $12,750 retail price.


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