Question: Princess Daphne bought three necklaces and a set of earrings for a total of $240,000. If all three necklaces were equal in price, and the earrings were three times as expensive as any one necklace, then how expensive was the cost of a single necklace? Think carefully first, then make a decision:
Let "x" be the price of a single necklace. Thus, the cost of the earrings would be 3x. And since all items totaled $240,000, then x + x + x + 3x = $240,000. Therefore, this simplifies to 6x = 240,000. And, solving for x we see that the price of a single necklace is x = $40,000. So the answer is 40000.