SOLUTION: A jeweler purchases a diamond ring for $350 and fixes a selling price of $700 on the ring. Find the markup rate.

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Question 92742: A jeweler purchases a diamond ring for $350 and fixes a selling price of $700 on the ring. Find the markup rate.
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
(700-350)/350=350/350=1 OR 100% IS THE MARKUP.