The cost price of a blazer is 20% less than that of the jacket. A profit of 10% is made when the jacket is sold for $66. What is the cost price of the blazer?
| |
Blazer |
Jacket |
| Cost price |
80% |
100% |
| Profit |
|
+ 10% |
| Selling price |
|
110% |
Cost price of the jacket in percentage = 100%
Cost price of the blazer in percentage
= 100% - 20%
= 80%
Selling price of the jacket in percentage
= 100% + 10%
= 110%
110% → 66
1% → 66 ÷ 110 = 0.60
80% → 80 x 0.60 = 48
Cost price of the blazer = $48
Answer(s): $48
