The cost price of a jacket is 20% less than that of the sweater. A profit of 10% is made when the sweater is sold for $33. What is the cost price of the jacket?
| |
Jacket |
Sweater |
| Cost price |
80% |
100% |
| Profit |
|
+ 10% |
| Selling price |
|
110% |
Cost price of the sweater in percentage = 100%
Cost price of the jacket in percentage
= 100% - 20%
= 80%
Selling price of the sweater in percentage
= 100% + 10%
= 110%
110% → 33
1% → 33 ÷ 110 = 0.30
80% → 80 x 0.30 = 24
Cost price of the jacket = $24
Answer(s): $24
