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A trader gains 15% after selling an item...

A trader gains 15% after selling an item at 10% discount on the printed price. The ratio of the cost price and printed price of the item is

A

`18 : 23`

B

`17 : 18`

C

`17 : 23`

D

`18 : 25`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to find the ratio of the cost price (CP) to the printed price (PP) given the conditions in the question. ### Step 1: Define the Variables Let: - CP = Cost Price - PP = Printed Price - SP = Selling Price ### Step 2: Establish the Selling Price The trader sells the item at a 10% discount on the printed price. Therefore, the selling price (SP) can be expressed as: \[ SP = PP - (10\% \text{ of } PP) = PP - 0.1 \times PP = 0.9 \times PP \] ### Step 3: Calculate the Cost Price using Gain Percentage The trader gains 15% on the cost price. Thus, we can express the selling price in terms of the cost price: \[ SP = CP + (15\% \text{ of } CP) = CP + 0.15 \times CP = 1.15 \times CP \] ### Step 4: Set the Two Expressions for Selling Price Equal Since both expressions represent the selling price, we can set them equal to each other: \[ 0.9 \times PP = 1.15 \times CP \] ### Step 5: Rearranging the Equation Now, we can rearrange the equation to find the ratio of CP to PP: \[ \frac{CP}{PP} = \frac{0.9}{1.15} \] ### Step 6: Simplifying the Ratio To simplify \( \frac{0.9}{1.15} \): 1. Multiply both the numerator and the denominator by 100 to eliminate the decimals: \[ \frac{90}{115} \] 2. Now, simplify \( \frac{90}{115} \) by dividing both by their greatest common divisor, which is 5: \[ \frac{90 \div 5}{115 \div 5} = \frac{18}{23} \] ### Conclusion Thus, the ratio of the cost price to the printed price is: \[ \frac{CP}{PP} = \frac{18}{23} \]
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