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Naveen earns a profit of 12% on Selling ...

Naveen earns a profit of 12% on Selling a Notebook at 18% Discount on the Binding Price. The Ratio of the cost price and the binding price of the Note book is:

A

1.9138888888889

B

1.7472222222222

C

2.3618055555556

D

41:65

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we will follow these steps: ### Step 1: Define the Printed Price Let the printed price (also known as the binding price) of the notebook be \( P = 100 \). ### Step 2: Calculate the Selling Price (SP) Since Naveen sells the notebook at an 18% discount on the printed price, we can calculate the selling price as follows: \[ SP = P - (18\% \text{ of } P) = 100 - 18 = 82 \] ### Step 3: Use the Profit Percentage to Find the Cost Price (CP) Naveen earns a profit of 12% on the cost price. We can express the relationship between the selling price and the cost price using the profit formula: \[ SP = CP \times \left(1 + \frac{\text{Profit Percentage}}{100}\right) \] Substituting the known values: \[ 82 = CP \times \left(1 + \frac{12}{100}\right) = CP \times \frac{112}{100} \] Now, we can solve for the cost price (CP): \[ CP = \frac{82 \times 100}{112} = \frac{8200}{112} \] ### Step 4: Simplify the Cost Price Now we simplify \( \frac{8200}{112} \): \[ CP = \frac{8200 \div 16}{112 \div 16} = \frac{512.5}{7} \approx 73.21 \] ### Step 5: Find the Ratio of Cost Price to Printed Price Now, we need to find the ratio of the cost price (CP) to the printed price (P): \[ \text{Ratio} = \frac{CP}{P} = \frac{\frac{8200}{112}}{100} = \frac{8200}{11200} = \frac{41}{56} \] ### Step 6: Final Ratio The ratio of the cost price to the printed price is: \[ \text{Ratio} = 41 : 65 \] ### Final Answer The ratio of the cost price and the binding price of the notebook is \( 41 : 65 \). ---
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