Question

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

Answer 1

5% + 5% = 10% 
He will save 10% 

Answer 2

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.