Need answer Vic's Jewelry Store bought a diamond ring for $1,500. Vicwants to mark up the set at 45 percent of the selling price.The selling price of the diamond ring should be:a. $2,727.27b. $2,325.00c. $2,175.00d. $3,333.33

Answered: Vic's Jewelry Store bought a diamond…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1
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Vic's Jewelry Store bought a diamond ring for $1,500. Vic wants to mark up the set at 45 percent of the selling price. The selling price of the diamond ring should be: a. $2,727.27 b. $2,325.00 c. $2,175.00 d. $3,333.33