The cost price of a jumpsuit is 30% less than that of the skirt. A profit of 20% is made when the skirt is sold for $24. What is the cost price of the jumpsuit?
| |
Jumpsuit |
Skirt |
| Cost price |
70% |
100% |
| Profit |
|
+ 20% |
| Selling price |
|
120% |
Cost price of the skirt in percentage = 100%
Cost price of the jumpsuit in percentage
= 100% - 30%
= 70%
Selling price of the skirt in percentage
= 100% + 20%
= 120%
120% → 24
1% → 24 ÷ 120 = 0.20
70% → 70 x 0.20 = 14
Cost price of the jumpsuit = $14
Answer(s): $14
