SOLUTION: After working with linear equations to solve work problems (real life applications), post your answer to the question to the following: A jewelry store owner buys a diamond ring fo

Question 1100621: After working with linear equations to solve work problems (real life applications), post your answer to the question to the following: A jewelry store owner buys a diamond ring for $1800. He sells the diamond ring for $2000, and claims that he is making only a 10% profit. Is his claim correct?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
The sale is for $2000, the difference between the sale and the jeweler's cost is $2000-$1800=$200.

Yes, 10% profit.

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