Question

Anne plans to increase the prices of all the items in her store by 5%. To the nearest cent, how much will the artist save if the artist buys a canvas and a frame that each measure 24 by 36 inches before the price increase goes into effect

Answer 1

Explanation:

Let the cost of canvas be $x per sq inches.

Measurement of the canvas bought by the artist is

24 × 36 inches

Area of canvas = 24×36= 864 sq inches

Cost of canvas = 864x

New cost of canvas =x+5% of x

=x+0.05x

=1.05x

New Cost of canvas = 907.20x

Increase in price=907.20x-864x=43.2x

Percentage =
`(43.2x)/(864x)*100`

= 5%

Hence artist is going save 5% of cost by buying sheet today.