Sarah made a profit of 40% from the sale of a jacket and a profit of 60% from the sale of a vest. The total profit she made from the two items was $56. She later sold a similar jacket at a discount of 10% off the advertised price. Her total profit for the three items then increased to $76.80.
- Find the profit made on the vest.
- How much did she sell the vest for?
|
Jacket 1 |
Vest 1 |
Jacket 2 |
Cost Price |
5 u |
5 p |
5 u |
Profit |
+ 2 u |
+ 3 p |
+ 2 u |
Selling Price |
7 u |
8 p |
7 u |
Discount |
|
|
- 0.7 u |
Discounted Price |
|
|
6.3 u |
100% + 40% = 140%
140% =
140100 =
75100% + 60% = 160%
160% =
160100 =
85(a)
Selling price of the jacket
= 100% of the price of the jacket + 40% of the price of the jacket
= 5 u + 2 u
= 7 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 jacket after 10% discount in percentage
= 100% - 10%
= 90%
Price of the second jacket after 10% discount in units
= 90% x 7 u
=
90100 x 7 u
= 6.3 u
Profit made for the second jacket in units
= 6.3 u - 5 u
= 1.3 u
1.3 u = 76.8 - 56 = 20.8
1 u = 20.8 ÷ 1.3 = 16
2 u + 3 p = 56
2 x 16 + 3 p = 56
32 + 3 p = 56
3 p
= 56 - 32
= $24
Profit made on the vest = $24
(b)
1 p = 24 ÷ 3 = 8
Selling price of the vest
= 8 p
= 8 x 8
= $64
Answer(s): (a) $24; (b) $64