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If the cost price of 15 pens is equal to the selling price of 12 pens, what is the profit percentage?
20%
25%
30%
15%
25%
Use the quantity inverse ratio: Profit % = SP┬аQtyCP┬аQtyтИТSP┬аQtyтАЛ├Ч100=1215тИТ12тАЛ├Ч100=25%.
Cost price of 15 pens is equal to the selling price of 12 pens.
Profit┬а%=(CPSPтИТCPтАЛ)├Ч100
Use the quantity inverse ratio: Profit % = SP┬аQtyCP┬аQtyтИТSP┬аQtyтАЛ├Ч100=1215тИТ12тАЛ├Ч100=25%.
Students often mistakenly calculate the profit percentage using the selling price quantity denominator instead of the cost price or vice versa.
Set up the basic equation
Let the cost price of one pen be CP and the selling price of one pen be SP. We are given that 15├ЧCP=12├ЧSP.
15├ЧCP=12├ЧSP
Find the ratio of CP to SP
Rearranging the terms gives the ratio of cost price to selling price: SPCPтАЛ=1512тАЛ=54тАЛ.
SPCPтАЛ=54тАЛ
Calculate the profit percentage
Let CP=4 units and SP=5 units. The profit is 5тИТ4=1 unit. Thus, Profit % = 41тАЛ├Ч100=25%.
Profit┬а%=(45тИТ4тАЛ)├Ч100=25%
B is correct because the calculated profit percentage is 25%.
This inverse ratio technique is broadly useful in quantitative aptitude problems involving articles bought and sold at varying quantities.