A jeweler has priced a diamond ring at $500. This price represents $20 less than twice the cost of the ring to the jeweler. Find the cost of the ring to the jeweler.
A) $250
B) $980
C) $240
D) $260
E) $480

Question

Quizplus · Accepted Answer

Let's start by setting up an equation:

$500 = 2x - $20

where x is the cost of the ring to the jeweler.

We can solve for x:

$500 + $20 = 2x

$520 = 2x

$x = $260

Therefore, the cost of the ring to the jeweler is $260.

The answer is D.

A Jeweler Has Priced a Diamond Ring at $500