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A person bought a pens at 25 for a rupee...

A person bought a pens at 25 for a rupee and sold at 15 for a rupee . What is his profit per cent ?

A

`16(2)/(3)%`

B

`33(1)/(3)%`

C

`66(2)/(3)%`

D

`40%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage, we need to determine the cost price (CP) and selling price (SP) of the pens. ### Step 1: Calculate the Cost Price (CP) The person bought 25 pens for 1 rupee. Therefore, the cost price for one pen is: \[ \text{CP} = \frac{1 \text{ rupee}}{25 \text{ pens}} = \frac{1}{25} \text{ rupees per pen} \] ### Step 2: Calculate the Selling Price (SP) The person sold 15 pens for 1 rupee. Therefore, the selling price for one pen is: \[ \text{SP} = \frac{1 \text{ rupee}}{15 \text{ pens}} = \frac{1}{15} \text{ rupees per pen} \] ### Step 3: Calculate Profit Profit is calculated as: \[ \text{Profit} = \text{SP} - \text{CP} \] Substituting the values we found: \[ \text{Profit} = \frac{1}{15} - \frac{1}{25} \] To subtract these fractions, we need a common denominator. The least common multiple of 15 and 25 is 75. Therefore: \[ \text{Profit} = \left(\frac{5}{75} - \frac{3}{75}\right) = \frac{2}{75} \text{ rupees per pen} \] ### Step 4: Calculate Profit Percentage Profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{\frac{2}{75}}{\frac{1}{25}}\right) \times 100 \] This simplifies to: \[ \text{Profit Percentage} = \left(\frac{2}{75} \times \frac{25}{1}\right) \times 100 = \left(\frac{50}{75}\right) \times 100 = \frac{2000}{75} \approx 26.67\% \] ### Final Answer The profit percentage is approximately **26.67%**.
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