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If the cost price of 15 pens is equal to the selling price of 10 pens, what is the profit percentage?
50%
33.33%
25%
40%
50%
Assume total quantity as the LCM of 15 and 10 (i.e., 30 units). Total Cost Price of 30 pens = Cost of 2 pens ├Ч 15 = wait, simpler: Let CP of 1 pen = Rs. 1. Then CP of 15 pens = Rs. 15, which equals SP of 10 pens. Thus, SP of 10 pens = Rs. 15, meaning SP of 1 pen = Rs. 1.5. Profit per pen = 1.5тИТ1.0=0.5, giving a 50% profit.
Cost price of 15 pens = Selling price of 10 pens
Profit%=CPSPтИТCPтАЛ├Ч100
Assume total quantity as the LCM of 15 and 10 (i.e., 30 units). Total Cost Price of 30 pens = Cost of 2 pens ├Ч 15 = wait, simpler: Let CP of 1 pen = Rs. 1. Then CP of 15 pens = Rs. 15, which equals SP of 10 pens. Thus, SP of 10 pens = Rs. 15, meaning SP of 1 pen = Rs. 1.5. Profit per pen = 1.5тИТ1.0=0.5, giving a 50% profit.
Students often mistakenly calculate the profit percentage on the selling price instead of the cost price, dividing by 10 instead of 15.
Understand the Given Condition
We are given that the cost price of 15 pens is equal to the selling price of 10 pens. Let us write this as an equation: 15├ЧCP=10├ЧSP.
15├ЧCP=10├ЧSP
Find the Ratio of SP to CP
Rearranging the equation to find the ratio of selling price to cost price: CPSPтАЛ=1015тАЛ=23тАЛ=1.5.
CPSPтАЛ=23тАЛ
Calculate the Profit Percentage
Using the formula for profit percentage: Profit%=(CPSPтИТCPтАЛ)├Ч100=(23тИТ2тАЛ)├Ч100=21тАЛ├Ч100=50%.
Profit%=50%
A is correct because the calculated profit percentage is 50%.
This ratio shortcut can also be applied universally to problems involving dishonest dealers, discount schemes, and marked price calculations in quantitative aptitude.