SOLUTION: If a ring cost a retailer $1200.00, at what price should it be sold to yield a profit of 50% on the selling price?

Question 646961: If a ring cost a retailer $1200.00, at what price should it be sold to yield a profit of 50% on the selling price?
Answer by colliefan(242) (Show Source): You can put this solution on YOUR website!
If the cost of the ring is $1200, the seller needs to add 50% of this cost to make a profit of 50%. You can calculate this by finding 50% and then adding it to the original cost.
$1200 * 50% = $600
$1200 + $600 = $1800
You can also multiply a number by 1 + the percentage written as a decimal to increase that number by that percentage.
So: $1200 * 1.50 = $1800.
Or if you wanted to increase it by 25%, multiply the number by 1.25.
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