Risa made a profit of 50% from the sale of a coat and a profit of 60% from the sale of a jacket. The total profit she made from the two items was $59. She later sold a similar coat at a discount of 20% off the advertised price. Her total profit for the three items then increased to $64.60.
- Find the profit made on the jacket.
- How much did she sell the jacket for?
|
Coat 1 |
Jacket 1 |
Coat 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 |
|
|
- 0.6 u |
Discounted Price |
|
|
2.4 u |
100% + 50% = 150%
150% =
150100 =
32100% + 60% = 160%
160% =
160100 =
85(a)
Selling price of the coat
= 100% of the price of the coat + 50% of the price of the coat
= 2 u + 1 u
= 3 u
Selling price of the jacket
= 100% of the price of the jacket + 60% of the price of the jacket
= 5 p + 3 p
= 8 p
Price of the second coat after 20% discount in percentage
= 100% - 20%
= 80%
Price of the second coat after 20% discount in units
= 80% x 3 u
=
80100 x 3 u
= 2.4 u
Profit made for the second coat in units
= 2.4 u - 2 u
= 0.4 u
0.4 u = 64.6 - 59 = 5.6
1 u = 5.6 ÷ 0.4 = 14
1 u + 3 p = 59
1 x 14 + 3 p = 59
14 + 3 p = 59
3 p
= 59 - 14
= $45
Profit made on the jacket = $45
(b)
1 p = 45 ÷ 3 = 15
Selling price of the jacket
= 8 p
= 8 x 15
= $120
Answer(s): (a) $45; (b) $120