SOLUTION: Betty bought a 2- carat gemstone for $379 per carat last year. This year gemstones cost 20% more. To the nearest $100, how much more is her gemstone worth this year?

Question 130121: Betty bought a 2- carat gemstone for $379 per carat last year. This year gemstones cost 20% more. To the nearest $100, how much more is her gemstone worth this year?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Betty bought a 2- carat gemstone for $379 per carat last year. This year gemstones cost 20% more. To the nearest $100, how much more is her gemstone worth this year?
--------------
EQUATION:
value this year = 379 + 0.2(379)
= 1.2(379)
= $454.80
============
Cheers,
Stan H.
RELATED QUESTIONS
Yoko�s Fine Jewelry paid $500 for a 3/4-carat gem. At this price, what is the cost of one (answered by MaxWong)

24-carat gold is pure gold. 18 carat gold is 3/4 gold. 20- carat gold is 5/8 gold. the (answered by noahhamstra,abdullahkhawer)

22 carat gold is mixed with 18 carat gold in the ratio 1:2 to get x carat gold . then the (answered by Alan3354)

A jeweller has bars of 18 carat gold and 12 carat gold. how much of each must be melted... (answered by ankor@dixie-net.com)

a jeweller has bars of 18 carat gold and 12 carat gold. how much of each must be melted... (answered by dkppathak)

A jewler has two bars of gold alloy in stock, one 12 carets and the other 18 carters (24... (answered by mananth)

Betty has a dog-walking service. Last year, she charged $5.00 per dog for each 1/2 mile.... (answered by stuylin)

You have 24 carat gold thread and 16 carat gold thread from which you need to mold a 10... (answered by richwmiller)

The relation between the cost of a certain gem and its weight is linear. In looking at... (answered by Boreal)