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

Question : 1

A retailer buys a radio for Rs.225. His overhead expenses are Rs.15. He sells the radio for Rs.300. The profit per cent of the retailer is :

a) 20%

b) 26$2/3$%

c) 25%

d) 33$1/3$%

Question : 2

An item when sold for Rs.1,690 earned 30% profit on the cost price. Then the cost price is

a) Rs.1,300

b) Rs.630

c) Rs.507

d) Rs.130

Question : 3

A salesman expects a gain of 13% on his cost price. If in a month his sale was Rs.7,91,000, what was his profit ?

a) Rs.91,000

b) Rs.88,300

c) Rs.85,659

d) Rs.97,786

Question : 4

A merchant buys an article for Rs.27 and sells it at a profit of 10% of the selling price. The selling price of the article is :

a) Rs.37

b) Rs.30

c) Rs.29.70

d) Rs.32

Question : 5

A man purchased a bedsheet for Rs.450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was

a) Rs.480

b) Rs.475

c) Rs.460

d) Rs.500

Question : 6

A merchant purchases a wrist watch for Rs.450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

a) Rs.550

b) Rs.700

c) Rs.650

d) Rs.600