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29 August, 03:56

We own purchase a very opening for $3000 the paining sells a a 325% increase in price. what is the retail price of the painting

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  1. 29 August, 07:09
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    If the owner sold the 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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