The Markup on a New Diamond Ring Should Be 25

question 41

Multiple Choice

The markup on a new diamond ring should be 25% based on selling price. If the seller paid $4,525.00 for one, then how much should it be sold for to achieve the desired markup?

• A) $5,756.25
• B) $5,000.00
• C) $4,550.00
• D) $6,033.33

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