The cost price of a sweater is 20% less than that of the vest. A profit of 10% is made when the vest is sold for $22. What is the cost price of the sweater?
|
Sweater |
Vest |
Cost price |
80% |
100% |
Profit |
|
+ 10% |
Selling price |
|
110% |
Cost price of the vest in percentage = 100%
Cost price of the sweater in percentage
= 100% - 20%
= 80%
Selling price of the vest in percentage
= 100% + 10%
= 110%
110% → 22
1% → 22 ÷ 110 = 0.20
80% → 80 x 0.20 = 16
Cost price of the sweater = $16
Answer(s): $16