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

300%= 9,000
20%= 60
5%= 15

9,000+60+15= 9,075
answer: £9,075

Answer 2

The retail price of the painting is $12750 .

Explanation:

As given

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

The painting sells at a 325% increase in price .

325% is written in the decimal form.

`= (325)/(100)`

= 3.25

Increase in the prize= 3.25 × 3000

= $9750

Retail price of the painting = Purchased cost of painting + Increase in the prize

= $9750 + $3000

= $12750

Therefore the retail price of the painting is $12750 .