The cost price of a coat is 10% less than that of the sweater. A profit of 25% is made when the sweater is sold for $50. What is the cost price of the coat?
| |
Coat |
Sweater |
| Cost price |
90% |
100% |
| Profit |
|
+ 25% |
| Selling price |
|
125% |
Cost price of the sweater in percentage = 100%
Cost price of the coat in percentage
= 100% - 10%
= 90%
Selling price of the sweater in percentage
= 100% + 25%
= 125%
125% → 50
1% → 50 ÷ 125 = 0.40
90% → 90 x 0.40 = 36
Cost price of the coat = $36
Answer(s): $36
