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?

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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) About Me  (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: %283%2F5%29%28250%29=150
Second we find the selling profit:250+150=400.
Answer:The ring should be sold $400.