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

1 month 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:

babunello [11.8K] · Answer 1 · 2026-02-26T22:12:13+03:00

8 0

5% + 5% equals 10%.
Thus, he will save 10%.

zzz [12.3K] · Answer 2 · 2026-02-26T22:16:56+03:00

Answer:

Step-by-step explanation:

Let the cost of the canvas be $x per square inch.

The size of the canvas the artist is purchasing is

24 × 36 inches.

Calculating the area of the canvas gives us 24 × 36 = 864 square inches.

Thus, the cost of the canvas will be 864x.

The new price of the canvas after the increase is x + 5% of x.

That simplifies to x + 0.05x = 1.05x.

Calculating the new cost of the canvas results in 907.20x.

The price increase is 907.20x - 864x, which equals 43.2x.

Calculating percentage: $\frac{43.2x}{864x}*100$

= 5%.

Therefore, the artist will save 5% on the cost by purchasing the canvas today.