The painting's original price was $3,500.
Step-by-step explanation:
Step 1:
The price now is $500 lesser than 3 times the original price. So
The current selling price = (3 × original price) - $500.
If the current selling price is y and the original price is x, then
[tex]y = 3x-500.[/tex]
Step 2:
For this question, we have [tex]y = 10,000[/tex]. Substituting this in the equation, we get
[tex]10,000 = 3x - 500, 3x = 10,500, x = \frac{10,500}{3} = 3,500.[/tex]
So the original price of the classic painting was $3,500.
