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 = $<<40000=40000>>40,000

# Answer

40,000
<|im_start|>system
You are a helpful assistant.<|im_end|>
<|im_start|>user
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?
Please reason step by step, and put your final answer within \boxed{{}}.<|im_end|>
<|im_start|>assistant

user
40,000
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?
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