Luxe Jewelry Co. wants a markup of 30% based on the selling price for a new gold necklace. If the company paid $6,300 for the necklace, how much should it be sold for to achieve the desired markup? a. $9,000.00 b. $8,142.86 c. $8,190.00 d. $7,500.00
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- ? SolutionAccounting Problem: The markup on a new diamond ring should be 28% based on the selling price. If the seller paid $7,325.00 for one, then how much should it be sold for to achieve the desired markup? a. $6,033.33 b. $4,550.00 c. $10,173.61 d. $5,000.00Give correct answer with correct calculation
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