Fanny made a profit of 50% from the sale of a blazer and a profit of 70% from the sale of a vest. The total profit she made from the two items was $81. She later sold a similar blazer at a discount of 10% off the advertised price. Her total profit for the three items then increased to $88.70.
- Find the profit made on the vest.
- How much did she sell the vest for?
|
Blazer 1 |
Vest 1 |
Blazer 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 |
|
|
- 0.3 u |
Discounted Price |
|
|
2.7 u |
100% + 50% = 150%
150% =
150100 =
32100% + 70% = 170%
170% =
170100 =
1710(a)
Selling price of the blazer
= 100% of the price of the blazer + 50% of the price of the blazer
= 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 blazer after 10% discount in percentage
= 100% - 10%
= 90%
Price of the second blazer after 10% discount in units
= 90% x 3 u
=
90100 x 3 u
= 2.7 u
Profit made for the second blazer in units
= 2.7 u - 2 u
= 0.7 u
0.7 u = 88.7 - 81 = 7.7
1 u = 7.7 ÷ 0.7 = 11
1 u + 7 p = 81
1 x 11 + 7 p = 81
11 + 7 p = 81
7 p
= 81 - 11
= $70
Profit made on the vest = $70
(b)
1 p = 70 ÷ 7 = 10
Selling price of the vest
= 17 p
= 17 x 10
= $170
Answer(s): (a) $70; (b) $170