Question

A gallery owner purchased a very old painting for 3000 dollars. The painting sold for 325 percent increase in price. What is the retail price of the printing?

Answer 1

$12,750

Explanation:

The price at purchase = 3000 dollars

Sale = 325 percent increase in purchase price.

325% = 3.25

3.25x3000 = 9750 dollars

So, at 325 percent increase in price, this painting sold for $9750.

The retail price of this painting =

Price at purchase + price during sale

= 3000 + 9750

= $12,750

Therefore the retail price is equal to $12,750