SOLUTION: If a ring costs a jeweler $220, at what price should it be sold to yield a profit of 50% on the selling price?

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Question 458866: If a ring costs a jeweler $220, at what price should it be sold to yield a profit of 50% on the selling price?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If a ring costs a jeweler $220, at what price should it be sold to yield a profit of 50% on the selling price?
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selling price = 220 + 0.50*220 = 1.5*220 = $330
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Cheers,
Stan H.