Problema Solution
If a ring costs a jeweler$350 at what price should it be sold to make a profit of 40%of the cost?
Answer provided by our tutors
the selling price = the cost of the ring + 40% of the cost
the selling price = 350 + 0.40*350
the selling price = 1.40*350
the selling price = $490
the ring should be sold for $490.