Question

An art dealer purchased a painting 5 years ago for $2,000. Now, the value of the painting has
increased by 75%. What is the value of the painting now?

Answer 1

Answer:

3500

Step-by-step explanation:

if the painting has increased by 75% then it will increase by $1500 because 25% of 2000 is 500 and 500 times 3 (because 75 is 25 times 3)is 1500. Then you add 1500 to 2000 to get 3500

Answer 2

The value of the painting now, after the increase, is $3,500.

What is the value of the painting now?

We know that the original price of the painting was $2,000, and now that price has increased by 75%.

Then the new price of the painting is given by the equation:

P = $2,000 + $2,000*(75%/100%)

The first term is the original price and the second one is the increase:

P = $2,000 + $2,000*0.75  = $3,500

The value of the painting now is $3,500

If you want to learn more about percentages:

https://brainly.com/question/843074

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