The cost price of a blazer is 20% less than that of the skirt. A profit of 30% is made when the skirt is sold for $26. What is the cost price of the blazer?
| |
Blazer |
Skirt |
| Cost price |
80% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the skirt in percentage = 100%
Cost price of the blazer in percentage
= 100% - 20%
= 80%
Selling price of the skirt in percentage
= 100% + 30%
= 130%
130% → 26
1% → 26 ÷ 130 = 0.20
80% → 80 x 0.20 = 16
Cost price of the blazer = $16
Answer(s): $16
