Min made a profit of 40% from the sale of a shirt and a profit of 70% from the sale of a sweater. The total profit she made from the two items was $71. She later sold a similar shirt at a discount of 25% off the advertised price. Her total profit for the three items then increased to $75.50.
- Find the profit made on the sweater.
- How much did she sell the sweater for?
|
Shirt 1 |
Sweater 1 |
Shirt 2 |
Cost Price |
5 u |
10 p |
5 u |
Profit |
+ 2 u |
+ 7 p |
+ 2 u |
Selling Price |
7 u |
17 p |
7 u |
Discount |
|
|
- 1.75 u |
Discounted Price |
|
|
5.25 u |
100% + 40% = 140%
140% =
140100 =
75100% + 70% = 170%
170% =
170100 =
1710(a)
Selling price of the shirt
= 100% of the price of the shirt + 40% of the price of the shirt
= 5 u + 2 u
= 7 u
Selling price of the sweater
= 100% of the price of the sweater + 70% of the price of the sweater
= 10 p + 7 p
= 17 p
Price of the second shirt after 25% discount in percentage
= 100% - 25%
= 75%
Price of the second shirt after 25% discount in units
= 75% x 7 u
=
75100 x 7 u
= 5.25 u
Profit made for the second shirt in units
= 5.25 u - 5 u
= 0.25 u
0.25 u = 75.5 - 71 = 4.5
1 u = 4.5 ÷ 0.25 = 18
2 u + 7 p = 71
2 x 18 + 7 p = 71
36 + 7 p = 71
7 p
= 71 - 36
= $35
Profit made on the sweater = $35
(b)
1 p = 35 ÷ 7 = 5
Selling price of the sweater
= 17 p
= 17 x 5
= $85
Answer(s): (a) $35; (b) $85