Question

Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells orn of her original paintings to an art gallery for $1,500, which, in turn, sells it to an art lover for $4,500 How much value does the gallery add?
A) $1,425
B) $1,500
C) $3,000
D) $4,500

Answer 1

Answer:

Value added to the gallery will be $3000

So option (C) will be correct answer

Explanation:

We have given that Caroline sells her original painting for $1500 to an art gallery.

And after that her painting was sold to an art lover at cost of $4500

We have to find the value added to the gallery

Value added to the gallery will be equal to difference of price sold to the art lover and cost at which painting is sold to art gallery

So value added to gallery = $4500 - $1500 = $3000

So option (C) will be correct answer