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

Question : 1

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 : 2

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 : 3

By selling 33 metres of cloth, a person gains the cost of 11 metres. Find his gain%.

a) 33%

b) 33$1/2$%

c) 33$1/3$%

d) 34$1/3$%

Question : 4

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 : 5

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 : 6

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