2021 Quantitative Aptitude - Algebra, Linear Equations

Jay and Vijay spent an equal amount of money to buy some pens and special pencils of the same quality from the same store. If Jay bought 3 pens and 5 pencils, and Vijay bought 2 pens and 7 pencils, then which one of the following is correct?

• A pencil costs more than a pen
• The price of a pencil is equal to that of a pen
• The price of a pen is two times the price of a pencil
• The price of a pen is three times the price of a pencil