Anne plans to increase the prices of all the items in her store by 5%. To the nearest cent, how much will the artist save if the

Question

3 years ago

13

artist buys a canvas and a frame that each measure 24 by 36 inches before the price increase goes into effect

2 answers:

Advocard [28] · Answer 1 · 2021-12-10T15:35:03+03:00

8 0

5% + 5% = 10%
He will save 10%

Kobotan [32] · Answer 2 · 2021-12-10T17:54:10+03:00

Answer:

Step-by-step explanation:

Let the cost of canvas be $x per sq inches.

Measurement of the canvas bought by the artist is

24 × 36 inches

Area of canvas = 24×36= 864 sq inches

Cost of canvas = 864x

New cost of canvas =x+5% of x

=x+0.05x

=1.05x

New Cost of canvas = 907.20x

Increase in price=907.20x-864x=43.2x

Percentage = $\frac{43.2x}{864x}*100$

= 5%

Hence artist is going save 5% of cost by buying sheet today.