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
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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