The cost price of a coat is 40% less than that of the blouse. A profit of 20% is made when the blouse is sold for $72. What is the cost price of the coat?
| |
Coat |
Blouse |
| Cost price |
60% |
100% |
| Profit |
|
+ 20% |
| Selling price |
|
120% |
Cost price of the blouse in percentage = 100%
Cost price of the coat in percentage
= 100% - 40%
= 60%
Selling price of the blouse in percentage
= 100% + 20%
= 120%
120% → 72
1% → 72 ÷ 120 = 0.60
60% → 60 x 0.60 = 36
Cost price of the coat = $36
Answer(s): $36
