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A shokeeper earns a profit of 15% aft...

A shokeeper earns a profit of `15%` after selling a book at `20%` discount on the printed price .the ratio of the cost price and the printed price of the book is

A

`20 : 23`

B

`23 : 20`

C

`16 : 23`

D

`23 : 16`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote: - Cost Price (C) of the book - Printed Price (P) of the book ### Step 1: Determine the Selling Price based on Profit The shopkeeper earns a profit of 15%. Therefore, the Selling Price (SP) can be calculated as follows: \[ SP = C + \text{Profit} = C + 0.15C = 1.15C \] ### Step 2: Determine the Selling Price based on Discount The shopkeeper sells the book at a 20% discount on the Printed Price (P). The discount amount can be calculated as: \[ \text{Discount} = 20\% \text{ of } P = 0.20P \] Thus, the Selling Price (SP) based on the Printed Price is: \[ SP = P - \text{Discount} = P - 0.20P = 0.80P \] ### Step 3: Set the Two Expressions for Selling Price Equal Since both expressions represent the Selling Price, we can set them equal to each other: \[ 1.15C = 0.80P \] ### Step 4: Rearranging to Find the Ratio of C to P To find the ratio of Cost Price (C) to Printed Price (P), we rearrange the equation: \[ \frac{C}{P} = \frac{0.80}{1.15} \] ### Step 5: Simplifying the Ratio Now, we simplify the fraction: \[ \frac{C}{P} = \frac{0.80 \times 100}{1.15 \times 100} = \frac{80}{115} \] Next, we simplify \( \frac{80}{115} \): - Both 80 and 115 can be divided by 5: \[ \frac{80 \div 5}{115 \div 5} = \frac{16}{23} \] ### Conclusion Thus, the ratio of the Cost Price (C) to the Printed Price (P) is: \[ C : P = 16 : 23 \]
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