Shiyun made a profit of 50% from the sale of a shirt and a profit of 70% from the sale of a jacket. The total profit she made from the two items was $65. She later sold a similar shirt at a discount of 20% off the advertised price. Her total profit for the three items then increased to $71.40.
- Find the profit made on the jacket.
- How much did she sell the jacket for?
|
Shirt 1 |
Jacket 1 |
Shirt 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 |
|
|
- 0.6 u |
Discounted Price |
|
|
2.4 u |
100% + 50% = 150%
150% =
150100 =
32100% + 70% = 170%
170% =
170100 =
1710(a)
Selling price of the shirt
= 100% of the price of the shirt + 50% of the price of the shirt
= 2 u + 1 u
= 3 u
Selling price of the jacket
= 100% of the price of the jacket + 70% of the price of the jacket
= 10 p + 7 p
= 17 p
Price of the second shirt after 20% discount in percentage
= 100% - 20%
= 80%
Price of the second shirt after 20% discount in units
= 80% x 3 u
=
80100 x 3 u
= 2.4 u
Profit made for the second shirt in units
= 2.4 u - 2 u
= 0.4 u
0.4 u = 71.4 - 65 = 6.4
1 u = 6.4 ÷ 0.4 = 16
1 u + 7 p = 65
1 x 16 + 7 p = 65
16 + 7 p = 65
7 p
= 65 - 16
= $49
Profit made on the jacket = $49
(b)
1 p = 49 ÷ 7 = 7
Selling price of the jacket
= 17 p
= 17 x 7
= $119
Answer(s): (a) $49; (b) $119