SOLUTION: If a ring costs a jeweler $250, at what price should it be sold to make a profit of 60% of the selling price?

SOLUTION: If a ring costs a jeweler $250, at what price should it be sold to make a profit of 60% of the selling price?

Algebra.Com

Question 436316: If a ring costs a jeweler $250, at what price should it be sold to make a profit of 60% of the selling price?
Answer by Gogonati(855) (Show Source): You can put this solution on YOUR website!
60%=60/100=6/10=3/5.
First we find the profit made by jeweler:
Second we find the selling profit:250+150=400.
Answer:The ring should be sold $400.
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