Gwen made a profit of 50% from the sale of a vest and a profit of 70% from the sale of a coat. The total profit she made from the two items was $105. She later sold a similar vest at a discount of 25% off the advertised price. Her total profit for the three items then increased to $108.50.
- Find the profit made on the coat.
- How much did she sell the coat for?
|
Vest 1 |
Coat 1 |
Vest 2 |
Cost Price |
2 u |
10 p |
2 u |
Profit |
+ 1 u |
+ 7 p |
+ 1 u |
Selling Price |
3 u |
17 p |
3 u |
Discount |
|
|
- 0.75 u |
Discounted Price |
|
|
2.25 u |
100% + 50% = 150%
150% =
150100 =
32100% + 70% = 170%
170% =
170100 =
1710(a)
Selling price of the vest
= 100% of the price of the vest + 50% of the price of the vest
= 2 u + 1 u
= 3 u
Selling price of the coat
= 100% of the price of the coat + 70% of the price of the coat
= 10 p + 7 p
= 17 p
Price of the second vest after 25% discount in percentage
= 100% - 25%
= 75%
Price of the second vest after 25% discount in units
= 75% x 3 u
=
75100 x 3 u
= 2.25 u
Profit made for the second vest in units
= 2.25 u - 2 u
= 0.25 u
0.25 u = 108.5 - 105 = 3.5
1 u = 3.5 ÷ 0.25 = 14
1 u + 7 p = 105
1 x 14 + 7 p = 105
14 + 7 p = 105
7 p
= 105 - 14
= $91
Profit made on the coat = $91
(b)
1 p = 91 ÷ 7 = 13
Selling price of the coat
= 17 p
= 17 x 13
= $221
Answer(s): (a) $91; (b) $221