The cost price of a blazer is 20% less than that of the shirt. A profit of 30% is made when the shirt is sold for $78. What is the cost price of the blazer?
|
Blazer |
Shirt |
Cost price |
80% |
100% |
Profit |
|
+ 30% |
Selling price |
|
130% |
Cost price of the shirt in percentage = 100%
Cost price of the blazer in percentage
= 100% - 20%
= 80%
Selling price of the shirt in percentage
= 100% + 30%
= 130%
130% → 78
1% → 78 ÷ 130 = 0.60
80% → 80 x 0.60 = 48
Cost price of the blazer = $48
Answer(s): $48