The cost price of a coat is 20% less than that of the blouse. A profit of 30% is made when the blouse is sold for $39. What is the cost price of the coat?
| |
Coat |
Blouse |
| Cost price |
80% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the blouse in percentage = 100%
Cost price of the coat in percentage
= 100% - 20%
= 80%
Selling price of the blouse in percentage
= 100% + 30%
= 130%
130% → 39
1% → 39 ÷ 130 = 0.30
80% → 80 x 0.30 = 24
Cost price of the coat = $24
Answer(s): $24
