The cost price of a coat is 30% less than that of the blouse. A profit of 25% is made when the blouse is sold for $75. What is the cost price of the coat?
| |
Coat |
Blouse |
| Cost price |
70% |
100% |
| Profit |
|
+ 25% |
| Selling price |
|
125% |
Cost price of the blouse in percentage = 100%
Cost price of the coat in percentage
= 100% - 30%
= 70%
Selling price of the blouse in percentage
= 100% + 25%
= 125%
125% → 75
1% → 75 ÷ 125 = 0.60
70% → 70 x 0.60 = 42
Cost price of the coat = $42
Answer(s): $42
