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

Question : 1

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 : 2

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 : 3

The total cost of 8 buckets and 5 mugs is Rs.92 and the total cost of 5 buckets and 8 mugs is Rs.77. Find the cost of 2 mugs and 3 buckets.

a) Rs.30

b) Rs.70

c) Rs.35

d) Rs.38

Question : 4

If books bought at prices from Rs.150 to Rs.300 are sold at prices ranging from Rs.250 to Rs.350, what is the greatest possible profit that might be made in selling 15 books ?

a) Rs.4,250

b) Rs.750

c) Cannot be determined

d) Rs.3,000

Question : 5

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 : 6

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