The cost price of a vest is 40% less than that of the dress. A profit of 30% is made when the dress is sold for $26. What is the cost price of the vest?
| |
Vest |
Dress |
| Cost price |
60% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the dress in percentage = 100%
Cost price of the vest in percentage
= 100% - 40%
= 60%
Selling price of the dress in percentage
= 100% + 30%
= 130%
130% → 26
1% → 26 ÷ 130 = 0.20
60% → 60 x 0.20 = 12
Cost price of the vest = $12
Answer(s): $12
