The cost price of a blazer is 30% less than that of the blouse. A profit of 20% is made when the blouse is sold for $24. What is the cost price of the blazer?
|
Blazer |
Blouse |
Cost price |
70% |
100% |
Profit |
|
+ 20% |
Selling price |
|
120% |
Cost price of the blouse in percentage = 100%
Cost price of the blazer in percentage
= 100% - 30%
= 70%
Selling price of the blouse in percentage
= 100% + 20%
= 120%
120% → 24
1% → 24 ÷ 120 = 0.20
70% → 70 x 0.20 = 14
Cost price of the blazer = $14
Answer(s): $14