The cost price of a dress is 10% less than that of the skirt. A profit of 20% is made when the skirt is sold for $48. What is the cost price of the dress?
| |
Dress |
Skirt |
| Cost price |
90% |
100% |
| Profit |
|
+ 20% |
| Selling price |
|
120% |
Cost price of the skirt in percentage = 100%
Cost price of the dress in percentage
= 100% - 10%
= 90%
Selling price of the skirt in percentage
= 100% + 20%
= 120%
120% → 48
1% → 48 ÷ 120 = 0.40
90% → 90 x 0.40 = 36
Cost price of the dress = $36
Answer(s): $36
