Question

This is percent to change problem. 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

Hint: 325% translates into the decimal fraction 3.25. Note well that the increase in price is 325% of the original price. Once you've calculated this increase, you must add the $3,000 original price to get the retail selling price.