Question

3. I 1 A jeweler purchases a diamond ring at $2,000 She then marks up the price of the i ring by 25% to sell it in her store. How much does she sell the ring for? ​

Answer 1

The jeweler marks up the $2,000 diamond ring by 25%, which equates to a $500 increase. The jeweler then sells the ring for a total of $2,500.

Step-by-step explanation:

The student's question asks how much a jeweler sells a diamond ring for after marking up its purchase price by 25%. The subject of this question is Mathematics, specifically dealing with percentage markup in a business context. Here is a step-by-step explanation:

1. First, calculate the amount of the markup by taking 25% of the original purchase price ($2,000). To find 25% of $2,000, you multiply 0.25 by $2,000.
2. The markup amount is $500 (0.25 × $2,000 = $500).
3. Add the markup amount to the original purchase price to get the selling price. So, $2,000 + $500 = $2,500.

Therefore, the jeweler sells the diamond ring for $2,500.