My argument is the same as Red's, but she made the mistake of approximating to 2/48=1/12 by changing it to a decimal, instead of working with fractions right to the end.
You should stay with fractions to the end and then, if necessary, make an approximation by converting to a decimal. If you do it part way through you risk making the error even worse.
We need the original poster to give us the definition of taper ratio. It could even be with reference to the areas which would give a different answer again.