A painting is sold for $ 1950 after 22% discount. The marked price of the painting was ___________.
Answers
Step-by-step explanation:
Price Your Artwork with this Formula
1. Multiply the painting’s width by its length to arrive at the total size, in square inches. Then multiply that number by a set dollar amount that’s appropriate for your reputation. I currently use $6 per square inch for oil paintings. Then calculate your cost of canvas and framing, and then double that number. For example: A 16”-x-20” oil-on-linen landscape painting: 16” x 20” = 320 square inches. I price my oil paintings at $6 per square inch. 320 x 6 = $1,920.00, and I round this down to $1,900.
2. My frame, canvas and materials cost me $150.00 (I buy framing wholesale). I double this cost so that I’ll get it all back when the painting sells at the gallery. Otherwise, I’m subsidizing the collector by giving him or her the frame for free. $150 x 2 = $300.
3. Then I put it all together: $1,900 + $300 = $2,200 (the retail price). When the painting sells from a gallery, my cut after the 50 percent commission is paid comes to $950 for the painting and $150 for the framing, for a total of $1,100.
For much larger pieces, I’ll bring the price per square inch down a notch … maybe a dollar or two lower so that I don’t price my work beyond what my reputation can sustain. Alternately, for smaller works, I’ll increase the dollar per square inch because small works take almost as much effort as larger works, and I need to be compensated for my expertise, even when the work is miniature.
Answer:
Step-by-step explanation:
$1950 is the initial price
now if 22% discount was given then
Marked price was
1950 - 22% of 1950
1950 - (22/100 × 1950)
1950 - (11/50 × 1950)
1950 - (11/5 × 195)
1950 - ( 11 × 39)
= 1950 - 429
= $1521
it was sold at $1521
hope this helps ☺️