Mee P.

asked • 02/01/18# If a ring costs a jeweler $180, at what price should it be sold to yield a profit of 40% on the selling price?

i got $252? but the answer sheet says its wrong

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## 1 Expert Answer

Edward A. answered • 02/04/18

Tutor

4.9
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Math Tutor, Retired Computer Scientist and Technical Communicator

Let x = selling price

what does a profit of 40% mean? Profit = selling price minus cost

x = 180 + .4x

solve for x

.6x = 180

x = 300

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Al P.

02/01/18