The cost price of a dress is 40% less than that of the shirt. A profit of 20% is made when the shirt is sold for $60. What is the cost price of the dress?
| |
Dress |
Shirt |
| Cost price |
60% |
100% |
| Profit |
|
+ 20% |
| Selling price |
|
120% |
Cost price of the shirt in percentage = 100%
Cost price of the dress in percentage
= 100% - 40%
= 60%
Selling price of the shirt in percentage
= 100% + 20%
= 120%
120% → 60
1% → 60 ÷ 120 = 0.50
60% → 60 x 0.50 = 30
Cost price of the dress = $30
Answer(s): $30
