Caroline is an artist.She purchases canvas, paints, brushes, and accessories for $75.She sells one of her original paintings to an art gallery for $1,500, even though an art lover would pay $4,500 for that painting.How much value does Caroline add?

Question

Quizplus · Accepted Answer

Caroline's cost for supplies is $75. When she sells her painting to the art gallery for $1,500, she has added a value of $1,425 ($1,500 - $75) to her supplies. While an art lover may be willing to pay $4,500 for the painting, this is not relevant to the calculation of the value Caroline adds.

Caroline Is an Artist