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Cost price of 3 pens is equal to the cos...

Cost price of 3 pens is equal to the cost price of 5 pencils. If equal number of pens and pencils are sold and pens are sold at 20% profit and pencils are sold at `(100)/(3)`% profit then what is the overall profit percentage.

A

`18%`

B

`15%`

C

`22%`

D

`25%`

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's break it down: ### Step 1: Understand the Cost Price Relationship We know that the cost price of 3 pens is equal to the cost price of 5 pencils. Let's denote: - Cost Price of 1 pen = P - Cost Price of 1 pencil = C From the problem, we have: \[ 3P = 5C \] This implies: \[ \frac{P}{C} = \frac{5}{3} \] So, if we assume the cost price of 1 pencil is 3 units, then the cost price of 1 pen will be 5 units.
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