The cost price of a jacket is 10% less than that of the shirt. A profit of 30% is made when the shirt is sold for $78. What is the cost price of the jacket?
| |
Jacket |
Shirt |
| Cost price |
90% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the shirt in percentage = 100%
Cost price of the jacket in percentage
= 100% - 10%
= 90%
Selling price of the shirt in percentage
= 100% + 30%
= 130%
130% → 78
1% → 78 ÷ 130 = 0.60
90% → 90 x 0.60 = 54
Cost price of the jacket = $54
Answer(s): $54
