The marked price of a sweater was $134. After a 25% discount, the shopkeeper still makes a $38 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 134
=
75100 x 134
= $100.50
Cost price of the sweater
= 100.50 - 38
= $62.50
(b)
Profit in percentage
=
3862.50 x 100%
= 60.8%
Answer(s): (a) $62.50; (b) 60.8%