The cost price of a windbreaker is 10% less than that of the blazer. A profit of 30% is made when the blazer is sold for $65. What is the cost price of the windbreaker?
| |
Windbreaker |
Blazer |
| Cost price |
90% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the blazer in percentage = 100%
Cost price of the windbreaker in percentage
= 100% - 10%
= 90%
Selling price of the blazer in percentage
= 100% + 30%
= 130%
130% → 65
1% → 65 ÷ 130 = 0.50
90% → 90 x 0.50 = 45
Cost price of the windbreaker = $45
Answer(s): $45
