The cost price of a sweater is 40% less than that of the blazer. A profit of 10% is made when the blazer is sold for $66. What is the cost price of the sweater?
|
Sweater |
Blazer |
Cost price |
60% |
100% |
Profit |
|
+ 10% |
Selling price |
|
110% |
Cost price of the blazer in percentage = 100%
Cost price of the sweater in percentage
= 100% - 40%
= 60%
Selling price of the blazer in percentage
= 100% + 10%
= 110%
110% → 66
1% → 66 ÷ 110 = 0.60
60% → 60 x 0.60 = 36
Cost price of the sweater = $36
Answer(s): $36