The cost price of a skirt is 30% less than that of the blouse. A profit of 10% is made when the blouse is sold for $55. What is the cost price of the skirt?
| |
Skirt |
Blouse |
| Cost price |
70% |
100% |
| Profit |
|
+ 10% |
| Selling price |
|
110% |
Cost price of the blouse in percentage = 100%
Cost price of the skirt in percentage
= 100% - 30%
= 70%
Selling price of the blouse in percentage
= 100% + 10%
= 110%
110% → 55
1% → 55 ÷ 110 = 0.50
70% → 70 x 0.50 = 35
Cost price of the skirt = $35
Answer(s): $35
