Question

avi is a painter of landscapes and seashore portraits. He works outside and has no overhead or fixed costs such as a studio. In a typical year, it costs him $209 in canvas, paints and brushes per painting. This year he sold 397 pictures at a price of $293 each. At what price would he have to sell his paintings to recognize a margin of 25%?

Answer 1

Selling price= $279

Step-by-step explanation:

Giving the following information:

In a typical year, it costs him $209 in canvas, paints, and brushes per painting. This year he sold 397 pictures for $293 each. At what price would he have to sell his paintings to recognize a margin of 25%?

Selling price= 209/0.75= $279