The cost price of a jacket is 30% less than that of the vest. A profit of 10% is made when the vest is sold for $77. What is the cost price of the jacket?
| |
Jacket |
Vest |
| Cost price |
70% |
100% |
| Profit |
|
+ 10% |
| Selling price |
|
110% |
Cost price of the vest in percentage = 100%
Cost price of the jacket in percentage
= 100% - 30%
= 70%
Selling price of the vest in percentage
= 100% + 10%
= 110%
110% → 77
1% → 77 ÷ 110 = 0.70
70% → 70 x 0.70 = 49
Cost price of the jacket = $49
Answer(s): $49
