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

Question : 1

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 : 2

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 : 3

By what per cent must the cost price be raised in fixing the sale price in order that there may be a profit of 20% after allowing a commission of 10% ?

a) 33$1/3$%

b) 133$1/3$%

c) 25%

d) 30%

Question : 4

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 : 5

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 : 6

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