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When Vijay sells 12 pens, he gains the s...

When Vijay sells 12 pens, he gains the selling price of 2 pens . Calculate his `%` profit
A. `15%`
B. `20%`
C.`18%`
D. `12%`

A

C

B

A

C

B

D

D

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Understand the Selling Price Let the selling price of one pen be \( X \). ### Step 2: Calculate the Selling Price of 12 Pens If Vijay sells 12 pens, the total selling price (SP) for 12 pens is: \[ SP = 12 \times X = 12X \] ### Step 3: Determine the Profit According to the problem, when Vijay sells 12 pens, he gains the selling price of 2 pens. Therefore, the profit (P) is: \[ P = 2 \times X = 2X \] ### Step 4: Calculate the Cost Price The cost price (CP) can be calculated using the formula: \[ CP = SP - P \] Substituting the values we have: \[ CP = 12X - 2X = 10X \] ### Step 5: Calculate the Profit Percentage The profit percentage is given by the formula: \[ \text{Profit Percentage} = \left( \frac{P}{CP} \right) \times 100 \] Substituting the values of profit and cost price: \[ \text{Profit Percentage} = \left( \frac{2X}{10X} \right) \times 100 \] ### Step 6: Simplify the Expression Cancelling \( X \) from the numerator and denominator: \[ \text{Profit Percentage} = \left( \frac{2}{10} \right) \times 100 = 20\% \] ### Conclusion Thus, the percentage profit is \( 20\% \), which corresponds to option B. ---
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