SOLUTION: Use an algebraic approach to solve the problem.
If a ring costs a jeweler $180, at what price should it be sold to yield a profit of 50% on the selling price?
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If a ring costs a jeweler $180, at what price should it be sold to yield a profit of 50% on the selling price?
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Question 829460: Use an algebraic approach to solve the problem.
If a ring costs a jeweler $180, at what price should it be sold to yield a profit of 50% on the selling price? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! If a ring costs a jeweler $180, at what price should it be sold to yield a profit of 50% on the selling price?
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Price = 180 + 0.5*180 = 1.5*180 = $270
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Cheers,
Stan H.
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