The cost price of a blazer is 30% less than that of the skirt. A profit of 25% is made when the skirt is sold for $50. What is the cost price of the blazer?
| |
Blazer |
Skirt |
| Cost price |
70% |
100% |
| Profit |
|
+ 25% |
| Selling price |
|
125% |
Cost price of the skirt in percentage = 100%
Cost price of the blazer in percentage
= 100% - 30%
= 70%
Selling price of the skirt in percentage
= 100% + 25%
= 125%
125% → 50
1% → 50 ÷ 125 = 0.40
70% → 70 x 0.40 = 28
Cost price of the blazer = $28
Answer(s): $28
