The cost price of a shirt is 40% less than that of the jacket. A profit of 30% is made when the jacket is sold for $52. What is the cost price of the shirt?
| |
Shirt |
Jacket |
| Cost price |
60% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the jacket in percentage = 100%
Cost price of the shirt in percentage
= 100% - 40%
= 60%
Selling price of the jacket in percentage
= 100% + 30%
= 130%
130% → 52
1% → 52 ÷ 130 = 0.40
60% → 60 x 0.40 = 24
Cost price of the shirt = $24
Answer(s): $24
