Dana made a profit of 60% from the sale of a blazer and a profit of 70% from the sale of a jacket. The total profit she made from the two items was $139. She later sold a similar blazer at a discount of 10% off the advertised price. Her total profit for the three items then increased to $158.80.
- Find the profit made on the jacket.
- How much did she sell the jacket for?
|
Blazer 1 |
Jacket 1 |
Blazer 2 |
Cost Price |
5 u |
10 p |
5 u |
Profit |
+ 3 u |
+ 7 p |
+ 3 u |
Selling Price |
8 u |
17 p |
8 u |
Discount |
|
|
- 0.8 u |
Discounted Price |
|
|
7.2 u |
100% + 60% = 160%
160% =
160100 =
85100% + 70% = 170%
170% =
170100 =
1710(a)
Selling price of the blazer
= 100% of the price of the blazer + 60% of the price of the blazer
= 5 u + 3 u
= 8 u
Selling price of the jacket
= 100% of the price of the jacket + 70% of the price of the jacket
= 10 p + 7 p
= 17 p
Price of the second blazer after 10% discount in percentage
= 100% - 10%
= 90%
Price of the second blazer after 10% discount in units
= 90% x 8 u
=
90100 x 8 u
= 7.2 u
Profit made for the second blazer in units
= 7.2 u - 5 u
= 2.2 u
2.2 u = 158.8 - 139 = 19.8
1 u = 19.8 ÷ 2.2 = 9
3 u + 7 p = 139
3 x 9 + 7 p = 139
27 + 7 p = 139
7 p
= 139 - 27
= $112
Profit made on the jacket = $112
(b)
1 p = 112 ÷ 7 = 16
Selling price of the jacket
= 17 p
= 17 x 16
= $272
Answer(s): (a) $112; (b) $272