Correct Option
Let Ppen represent the price of one pen and Ppencil represent the price of one pencil.
According to the problem statement, Jay and Vijay spent an equal amount of money.
- Jay's total expenditure: 3×Ppen+5×Ppencil
- Vijay's total expenditure: 2×Ppen+7×Ppencil
Equating their expenditures:
3×Ppen+5×Ppencil=2×Ppen+7×Ppencil
Rearranging the terms to determine the relationship between the prices:
3×Ppen−2×Ppen=7×Ppencil−5×Ppencil
Ppen=2×Ppencil
This equation indicates that the price of a pen is two times the price of a pencil.
Incorrect Options
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A pencil costs more than a pen:
The derived relationship Ppen=2×Ppencil implies that Ppencil=0.5×Ppen. Therefore, a pencil costs half the price of a pen, making this statement incorrect.
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The price of a pen is two times the price of a pencil:
This statement is identical to Option 2, which is the correct answer. In a standard multiple-choice question, only one option is designated as the primary correct answer.
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The price of a pen is three times the Price of a pencil:
The calculation establishes that Ppen=2×Ppencil, not three times. Hence, this statement is incorrect.