in short, we simply split the total amount by the given ratio, so we'll split or divide 1020 by (15 + 2) and then distribute accordingly.
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The painting's original price was $3,500.
Step-by-step explanation:
Step 1:
The price now is $500 lesser than 3 times the original price. So
The current selling price = (3 × original price) - $500.
If the current selling price is y and the original price is x, then
Step 2:
For this question, we have . Substituting this in the equation, we get
So the original price of the classic painting was $3,500.