Lynn made a profit of 50% from the sale of a skirt and a profit of 70% from the sale of a vest. The total profit she made from the two items was $53. She later sold a similar skirt at a discount of 20% off the advertised price. Her total profit for the three items then increased to $57.40.
- Find the profit made on the vest.
- How much did she sell the vest for?
|
Skirt 1 |
Vest 1 |
Skirt 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 skirt
= 100% of the price of the skirt + 50% of the price of the skirt
= 2 u + 1 u
= 3 u
Selling price of the vest
= 100% of the price of the vest + 70% of the price of the vest
= 10 p + 7 p
= 17 p
Price of the second skirt after 20% discount in percentage
= 100% - 20%
= 80%
Price of the second skirt after 20% discount in units
= 80% x 3 u
=
80100 x 3 u
= 2.4 u
Profit made for the second skirt in units
= 2.4 u - 2 u
= 0.4 u
0.4 u = 57.4 - 53 = 4.4
1 u = 4.4 ÷ 0.4 = 11
1 u + 7 p = 53
1 x 11 + 7 p = 53
11 + 7 p = 53
7 p
= 53 - 11
= $42
Profit made on the vest = $42
(b)
1 p = 42 ÷ 7 = 6
Selling price of the vest
= 17 p
= 17 x 6
= $102
Answer(s): (a) $42; (b) $102