Time remaining:
Stone's Jewelry marks up diamond rings $4,500.00. This represents a 50% markup on cost. What is the

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Stone's Jewelry marks up diamond rings $4,500.00. This represents a 50% markup on cost. What is the cost of the rings?

Oct 21st, 2017

Let the cost of the rings = 100%

Then the selling price = 100 + 50 = 150 %

But selling price = $4500

So 150% = $4500

And 100% = 100/150  x $4500

                  =$3000

Cost = $3000        (check: $3000 + 50% of $3000=$ 4500)

Oct 1st, 2014

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 21st, 2017
...
Oct 21st, 2017
Oct 22nd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer