Answer
The selling price for the toe rings should be 8.5 dollars.
Work Step by Step
Let s represent the selling price.
We can use the following guideline to solve this problem:
Selling price = Cost + Profit
s = 5 + 70% $\times$ 5
s = 5 + 3.5
s = 8.5
The selling price for the toe rings should be 8.5 dollars.