Multiple Choice Questions on A shopkeeper earns a profit of 12 on selling a book at 10 discount on the printed price The ratio of........... for SSC CHSL Preparation

Profit and loss

Quantitative Aptitude (CHSL)

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45:30

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MCQs Progress

38 of 100 completed

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Study Notes

    A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price to the

    printed price is:

    This questions was previously asked in
    SSC CHSL 24th May 2022 Shift-3

    38 : 55

    Incorrect Answer

    45 : 56

    Correct Answer

    55 : 38

    Incorrect Answer

    56 : 45

    Incorrect Answer
    Explanation:

    - The shopkeeper sells a book with a 10% discount on its printed price.

    - Despite the discount, they manage to earn a 12% profit.

    - To find the cost price to the printed price ratio, consider both the discount and profit margins.

    Let's break it down:

    1. Suppose the printed price is 100 units.

    2. After a 10% discount, the selling price becomes 90 units.

    3. The profit margin is 12%, so the cost price x (1 + 12/100) = selling price.

    4. Hence, 1.12x = 90.

    5. Solving for x: x = 90/1.12 = 80.36 approximately.

    6. The cost price is about 80.36 units when the printed price is 100 units.

    7. Convert this into the simplest ratio of cost price to printed price:

    - 80.36 : 100 simplifies to 45 : 56.

    - Therefore, the correct answer is Option: 2, 45 : 56.


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