Model 1 Basic Concepts of C.P and S.P Section-Wise Topic Notes With Detailed Explanation And Example Questions

Question : 1

By selling an article for Rs.960 a man incurs a loss of 4%; what was the cost price ?

a) Rs.498.4

b) Rs.784

c) Rs.1,000

d) Rs.300

Question : 2

By selling a car for Rs.64,000, Mr. Rao lost 20%. Then the cost price of the car is :

a) Rs.80,000

b) Rs.76,800

c) Rs.72,000

d) Rs.84,000

Question : 3

If there is a profit of 20% on the cost price, the per centage of profit on the sale price is

a) 15$1/3$%

b) 12 %

c) 16$2/3$%

d) 16 %

Question : 4

The cost price of a radio is Rs.600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

a) Rs.664.50

b) Rs.724.50

c) Rs.704.50

d) Rs.684.50

Question : 5

Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for

a) Rs.10

b) Rs.8

c) Rs.6

d) Rs.12