SOLUTION: A jeweler can buy a precious stone for $954, and wants to sell it for a profit of 28% of the selling price. What should they mark as the selling price?

SOLUTION: A jeweler can buy a precious stone for $954, and wants to sell it for a profit of 28% of the selling price. What should they mark as the selling price?

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Question 160210: A jeweler can buy a precious stone for $954, and wants to sell it for a profit of 28% of the selling price. What should they mark as the selling price?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
954+(.28*954)=954+276.66=$1,230.66 is the selling price for a 26% profit.
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