The cost price of a vest is 40% less than that of the sweater. A profit of 30% is made when the sweater is sold for $52. What is the cost price of the vest?
|
Vest |
Sweater |
Cost price |
60% |
100% |
Profit |
|
+ 30% |
Selling price |
|
130% |
Cost price of the sweater in percentage = 100%
Cost price of the vest in percentage
= 100% - 40%
= 60%
Selling price of the sweater in percentage
= 100% + 30%
= 130%
130% → 52
1% → 52 ÷ 130 = 0.40
60% → 60 x 0.40 = 24
Cost price of the vest = $24
Answer(s): $24