The cost price of a sweater is 20% less than that of the windbreaker. A profit of 30% is made when the windbreaker is sold for $65. What is the cost price of the sweater?
| |
Sweater |
Windbreaker |
| Cost price |
80% |
100% |
| Profit |
|
+ 30% |
| Selling price |
|
130% |
Cost price of the windbreaker in percentage = 100%
Cost price of the sweater in percentage
= 100% - 20%
= 80%
Selling price of the windbreaker in percentage
= 100% + 30%
= 130%
130% → 65
1% → 65 ÷ 130 = 0.50
80% → 80 x 0.50 = 40
Cost price of the sweater = $40
Answer(s): $40
