The cost price of a shirt is 40% less than that of the jumpsuit. A profit of 20% is made when the jumpsuit is sold for $78. What is the cost price of the shirt?
|
Shirt |
Jumpsuit |
Cost price |
60% |
100% |
Profit |
|
+ 20% |
Selling price |
|
120% |
Cost price of the jumpsuit in percentage = 100%
Cost price of the shirt in percentage
= 100% - 40%
= 60%
Selling price of the jumpsuit in percentage
= 100% + 20%
= 120%
120% → 78
1% → 78 ÷ 120 = 0.65
60% → 60 x 0.65 = 39
Cost price of the shirt = $39
Answer(s): $39