The marked price of a sweater was $105. After a 25% discount, the shopkeeper still makes a $35 profit.
- What is the cost price of the sweater?
- What is the profit in percentage?
(a)
Percentage of the price of the sweater after 25% discount
= 100% - 25%
= 75%
Price of the sweater at 25% discount
= 75% x 105
=
75100 x 105
= $78.75
Cost price of the sweater
= 78.75 - 35
= $43.75
(b)
Profit in percentage
=
3543.75 x 100%
= 80%
Answer(s): (a) $43.75; (b) 80%