Question

Ms. White paints seascapes and landscapes. In 2017 she placed nine of her most prized paintings with the Seven Studio Gallery. The paintings each carried a retail price tag of $1,000. Ms. White made a deal with the Gallery to pay them a 40% commission on all paintings sold. At the end of the year three paintings had been sold. How much revenue will Ms. White recognize on the consignment sales?

answer is 3000

please explain all steps and reasoning

Answer 1

Page Retail Price of each painting = $1000 Revenue miems = No.of Painting x solding a Re Retail Puice of each Painting lime, it is had beem given sold in the at the question end of that 3 paintings the year. 0 so Revenue Ms. White will recogmise on the Conniem meer weled - ot No.of Painting woll x Retail Price of each painting - 3 X 1000 - $3,000 Conclusion: Revenue is also known as Amcome. -Amd amcame of Ms. While com omly de you} baimling ooo only 3 were words and