The cost price of a vest is 20% less than that of the windbreaker. A profit of 30% is made when the windbreaker is sold for $39. What is the cost price of the vest?
| |
Vest |
Windbreaker |
| Cost price |
80% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the windbreaker in percentage = 100%
Cost price of the vest in percentage
= 100% - 20%
= 80%
Selling price of the windbreaker in percentage
= 100% + 30%
= 130%
130% → 39
1% → 39 ÷ 130 = 0.30
80% → 80 x 0.30 = 24
Cost price of the vest = $24
Answer(s): $24
