Question

A gallery owner purchased a very old painting for $3,000. The painting sells at a 325% increase in price.What is the retail price of the painting?

Answer 1

$12,750

Explanation:

A gallery owner purchased a very old painting for $3,000.

The painting sells at a 325% increase in price so the increase in price

= original price x 325%

= 3000 x 325/100

= $9,750

the retail price = original price + increase in price

= 3000 + 9750

= $12,750

Answer 2

Retail selling price =$12750

Explanation:

increase = old price * percent increase

= 3000 * 3.25

= 9750

new price = old price + increase

= 3000+ 9750

= 12750