The cost price of a jacket is 30% less than that of the windbreaker. A profit of 20% is made when the windbreaker is sold for $48. What is the cost price of the jacket?
|
Jacket |
Windbreaker |
Cost price |
70% |
100% |
Profit |
|
+ 20% |
Selling price |
|
120% |
Cost price of the windbreaker in percentage = 100%
Cost price of the jacket in percentage
= 100% - 30%
= 70%
Selling price of the windbreaker in percentage
= 100% + 20%
= 120%
120% → 48
1% → 48 ÷ 120 = 0.40
70% → 70 x 0.40 = 28
Cost price of the jacket = $28
Answer(s): $28