The cost price of a blazer is 40% less than that of the sweater. A profit of 25% is made when the sweater is sold for $75. What is the cost price of the blazer?
| |
Blazer |
Sweater |
| Cost price |
60% |
100% |
| Profit |
|
+ 25% |
| Selling price |
|
125% |
Cost price of the sweater in percentage = 100%
Cost price of the blazer in percentage
= 100% - 40%
= 60%
Selling price of the sweater in percentage
= 100% + 25%
= 125%
125% → 75
1% → 75 ÷ 125 = 0.60
60% → 60 x 0.60 = 36
Cost price of the blazer = $36
Answer(s): $36
