The cost price of a jacket is 40% less than that of the windbreaker. A profit of 20% is made when the windbreaker is sold for $78. What is the cost price of the jacket?
|
Jacket |
Windbreaker |
Cost price |
60% |
100% |
Profit |
|
+ 20% |
Selling price |
|
120% |
Cost price of the windbreaker in percentage = 100%
Cost price of the jacket in percentage
= 100% - 40%
= 60%
Selling price of the windbreaker in percentage
= 100% + 20%
= 120%
120% → 78
1% → 78 ÷ 120 = 0.65
60% → 60 x 0.65 = 39
Cost price of the jacket = $39
Answer(s): $39