Yen made a profit of 50% from the sale of a blazer and a profit of 60% from the sale of a vest. The total profit she made from the two items was $73. She later sold a similar blazer at a discount of 25% off the advertised price. Her total profit for the three items then increased to $76.25.
- Find the profit made on the vest.
- How much did she sell the vest for?
|
Blazer 1 |
Vest 1 |
Blazer 2 |
Cost Price |
2 u |
5 p |
2 u |
Profit |
+ 1 u |
+ 3 p |
+ 1 u |
Selling Price |
3 u |
8 p |
3 u |
Discount |
|
|
- 0.75 u |
Discounted Price |
|
|
2.25 u |
100% + 50% = 150%
150% =
150100 =
32100% + 60% = 160%
160% =
160100 =
85(a)
Selling price of the blazer
= 100% of the price of the blazer + 50% of the price of the blazer
= 2 u + 1 u
= 3 u
Selling price of the vest
= 100% of the price of the vest + 60% of the price of the vest
= 5 p + 3 p
= 8 p
Price of the second blazer after 25% discount in percentage
= 100% - 25%
= 75%
Price of the second blazer after 25% discount in units
= 75% x 3 u
=
75100 x 3 u
= 2.25 u
Profit made for the second blazer in units
= 2.25 u - 2 u
= 0.25 u
0.25 u = 76.25 - 73 = 3.25
1 u = 3.25 ÷ 0.25 = 13
1 u + 3 p = 73
1 x 13 + 3 p = 73
13 + 3 p = 73
3 p
= 73 - 13
= $60
Profit made on the vest = $60
(b)
1 p = 60 ÷ 3 = 20
Selling price of the vest
= 8 p
= 8 x 20
= $160
Answer(s): (a) $60; (b) $160