Question

A gallery owner purchased a very old painting for $3000 to painting sells at 325% increase in price and use of retail price of the Painting

Answer 1

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.

Answer 2

If you asking for the price after the increase, you have to turn the percent into a decimal:

325% ---> 3.25

Then multiply the price to the percent:

3000 x 3.25 = 9750

Then add that to the original cost:

3000 + 9750 = 12,750

So the person would be selling it at $12,750

Hope this helps!