Tiffany made a profit of 60% from the sale of a vest and a profit of 80% from the sale of a blazer. The total profit she made from the two items was $97. She later sold a similar vest at a discount of 20% off the advertised price. Her total profit for the three items then increased to $112.40.
- Find the profit made on the blazer.
- How much did she sell the blazer for?
|
Vest 1 |
Blazer 1 |
Vest 2 |
Cost Price |
5 u |
5 p |
5 u |
Profit |
+ 3 u |
+ 4 p |
+ 3 u |
Selling Price |
8 u |
9 p |
8 u |
Discount |
|
|
- 1.6 u |
Discounted Price |
|
|
6.4 u |
100% + 60% = 160%
160% =
160100 =
85100% + 80% = 180%
180% =
180100 =
95(a)
Selling price of the vest
= 100% of the price of the vest + 60% of the price of the vest
= 5 u + 3 u
= 8 u
Selling price of the blazer
= 100% of the price of the blazer + 80% of the price of the blazer
= 5 p + 4 p
= 9 p
Price of the second vest after 20% discount in percentage
= 100% - 20%
= 80%
Price of the second vest after 20% discount in units
= 80% x 8 u
=
80100 x 8 u
= 6.4 u
Profit made for the second vest in units
= 6.4 u - 5 u
= 1.4 u
1.4 u = 112.4 - 97 = 15.4
1 u = 15.4 ÷ 1.4 = 11
3 u + 4 p = 97
3 x 11 + 4 p = 97
33 + 4 p = 97
4 p
= 97 - 33
= $64
Profit made on the blazer = $64
(b)
1 p = 64 ÷ 4 = 16
Selling price of the blazer
= 9 p
= 9 x 16
= $144
Answer(s): (a) $64; (b) $144