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a ring retails for 39.95. the jewelry store received the ring with a built in 30% profit. What is the cost?
15 years ago

Answers

MathMate
The profit should be a percentage of the cost. This way 39.95 represents the cost + 30% of the cost. Therefore
cost = 39.95/(1+0.30)
=$30.73
15 years ago

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