Gwen made a profit of 40% from the sale of a jacket and a profit of 80% from the sale of a vest. The total profit she made from the two items was $54. She later sold a similar jacket at a discount of 20% off the advertised price. Her total profit for the three items then increased to $64.20.
- 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 |
+ 4 p |
+ 2 u |
Selling Price |
7 u |
9 p |
7 u |
Discount |
|
|
- 1.4 u |
Discounted Price |
|
|
5.6 u |
100% + 40% = 140%
140% =
140100 =
75100% + 80% = 180%
180% =
180100 =
95(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 + 80% of the price of the vest
= 5 p + 4 p
= 9 p
Price of the second jacket after 20% discount in percentage
= 100% - 20%
= 80%
Price of the second jacket after 20% discount in units
= 80% x 7 u
=
80100 x 7 u
= 5.6 u
Profit made for the second jacket in units
= 5.6 u - 5 u
= 0.6 u
0.6 u = 64.2 - 54 = 10.2
1 u = 10.2 ÷ 0.6 = 17
2 u + 4 p = 54
2 x 17 + 4 p = 54
34 + 4 p = 54
4 p
= 54 - 34
= $20
Profit made on the vest = $20
(b)
1 p = 20 ÷ 4 = 5
Selling price of the vest
= 9 p
= 9 x 5
= $45
Answer(s): (a) $20; (b) $45