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

More

## 1 Expert Answer

Edward A. answered • 02/04/18

Tutor

5
(8)
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

## Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.

Most questions answered within 4 hours.

#### OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.

Al P.

02/01/18