The cost price of a vest is 40% less than that of the coat. A profit of 10% is made when the coat is sold for $22. What is the cost price of the vest?
| |
Vest |
Coat |
| Cost price |
60% |
100% |
| Profit |
|
+ 10% |
| Selling price |
|
110% |
Cost price of the coat in percentage = 100%
Cost price of the vest in percentage
= 100% - 40%
= 60%
Selling price of the coat in percentage
= 100% + 10%
= 110%
110% → 22
1% → 22 ÷ 110 = 0.20
60% → 60 x 0.20 = 12
Cost price of the vest = $12
Answer(s): $12
