The cost price of a jumpsuit is 30% less than that of the sweater. A profit of 20% is made when the sweater is sold for $36. What is the cost price of the jumpsuit?
| |
Jumpsuit |
Sweater |
| Cost price |
70% |
100% |
| Profit |
|
+ 20% |
| Selling price |
|
120% |
Cost price of the sweater in percentage = 100%
Cost price of the jumpsuit in percentage
= 100% - 30%
= 70%
Selling price of the sweater in percentage
= 100% + 20%
= 120%
120% → 36
1% → 36 ÷ 120 = 0.30
70% → 70 x 0.30 = 21
Cost price of the jumpsuit = $21
Answer(s): $21
