The cost price of a sweater is 20% less than that of the blazer. A profit of 25% is made when the blazer is sold for $50. What is the cost price of the sweater?
| |
Sweater |
Blazer |
| Cost price |
80% |
100% |
| Profit |
|
+ 25% |
| Selling price |
|
125% |
Cost price of the blazer in percentage = 100%
Cost price of the sweater in percentage
= 100% - 20%
= 80%
Selling price of the blazer in percentage
= 100% + 25%
= 125%
125% → 50
1% → 50 ÷ 125 = 0.40
80% → 80 x 0.40 = 32
Cost price of the sweater = $32
Answer(s): $32
