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By selling 1 dozen ball pens, a shopkeep...

By selling 1 dozen ball pens, a shopkeeper earned the profit equal to the selling price of 4 ball pens. His profit per cent is

A

0.5

B

0.4

C

33 `1/3` %

D

31 `1/4` %

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage, we can follow these steps: ### Step 1: Understand the problem The problem states that by selling 1 dozen (12) ball pens, the shopkeeper earns a profit equal to the selling price of 4 ball pens. ### Step 2: Define the variables Let: - SP = Selling Price of 1 ball pen - CP = Cost Price of 1 ball pen ### Step 3: Write the equation for profit According to the problem, the profit earned by selling 1 dozen ball pens is equal to the selling price of 4 ball pens. Therefore, we can express this as: \[ \text{Profit} = \text{Selling Price of 12 ball pens} - \text{Cost Price of 12 ball pens} \] \[ \text{Profit} = 12 \times SP - 12 \times CP \] And we know that: \[ \text{Profit} = 4 \times SP \] ### Step 4: Set up the equation From the above two equations, we can set up the following equation: \[ 12 \times SP - 12 \times CP = 4 \times SP \] ### Step 5: Rearrange the equation Rearranging the equation gives: \[ 12 \times SP - 4 \times SP = 12 \times CP \] \[ 8 \times SP = 12 \times CP \] ### Step 6: Find the ratio of SP to CP Dividing both sides by 4: \[ 2 \times SP = 3 \times CP \] Now, we can express the ratio of SP to CP: \[ \frac{SP}{CP} = \frac{3}{2} \] ### Step 7: Calculate the profit percentage The profit percentage can be calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{SP} - \text{CP}}{\text{CP}} \right) \times 100 \] From the ratio we found: - SP = 3 units - CP = 2 units So, the profit is: \[ \text{Profit} = SP - CP = 3 - 2 = 1 \] Now substituting into the profit percentage formula: \[ \text{Profit Percentage} = \left( \frac{1}{2} \right) \times 100 = 50\% \] ### Final Answer The profit percentage is **50%**. ---
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