Let pen = $x$, pencil = $y$, eraser = $z$.
My payment: $5x + 7y + 4z$.
Rajan's payment: $6x + 14y + 8z = 1.5(5x + 7y + 4z)$.
Solving: $6x + 14y + 8z = 7.5x + 10.5y + 6z \Rightarrow -1.5x + 3.5y + 2z = 0$.
From this, $1.5x = 3.5y + 2z$. Proportion for pens: $\frac{5x}{5x+7y+4z}$ simplifies to 37.5%.