percent increase

Question

A gallery owner purchased an 83 year old painting.  The painting sells at a 325% increase price.  What is the retail price of the painting?

Answer 1

The retail cost R is equal to 100% of

the Purchase Cost P plus 325% more of

the Purchase Cost so:

 

R = 100%(P) + 325%(P)      convert % to numbers

R = (100/100)P + (325/100)P

R = 1P + 3.25P

R = 4.25P

 

The retail cost for which the gallery owner +

sells the painting is 4.25 times the purchase cost.

 

Note that 100%(P) + 325%(P) = 425%(P) = 4.25P

 

Hope this helps.