The marked price of a sweater was $168. After a 35% discount, the shopkeeper still makes a $42 profit.
- What is the cost price of the sweater?
- What is the profit in percentage?
(a)
Percentage of the price of the sweater after 35% discount
= 100% - 35%
= 65%
Price of the sweater at 35% discount
= 65% x 168
=
65100 x 168
= $109.20
Cost price of the sweater
= 109.20 - 42
= $67.20
(b)
Profit in percentage
=
4267.20 x 100%
= 62.5%
Answer(s): (a) $67.20; (b) 62.5%