Business, 27.02.2020 18:49 yair7

An artist buys scrap metal from a local steel mill as a raw material for her sculptures. Last year, she purchased $5 comma 000 worth of scrap metal. With the steel she produced 10 authentic sculptures that she sold for $800 each to a local art dealer. The art dealer then sold all of the sculptures to art collectors for an average of $1 comma 000 each. What was the total value added of the artist, and what was the total value added of the local art store?

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An artist buys scrap metal from a local steel mill as a raw material for her sculptures. Last year,...

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