The marked price of a vest was $242. After a 25% discount, the shopkeeper still makes a $44 profit.
- What is the cost price of the vest?
- What is the profit in percentage?
(a)
Percentage of the price of the vest after 25% discount
= 100% - 25%
= 75%
Price of the vest at 25% discount
= 75% x 242
=
75100 x 242
= $181.50
Cost price of the vest
= 181.50 - 44
= $137.50
(b)
Profit in percentage
=
44137.50 x 100%
= 32%
Answer(s): (a) $137.50; (b) 32%