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

Question : 1

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 : 2

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 : 3

If the cost price of an article is 80% of its selling price, the profit per cent is :

a) 24%

b) 22$1/2$%

c) 20 %

d) 25%

Question : 4

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 : 5

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 : 6

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