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

Question : 1

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 : 2

A man buys a cycle for Rs.1400 and sells it at a loss of 15%. What is the selling price of the cycle?

a) Rs.1160

b) Rs.1190

c) Rs.1202

d) Rs.1000

Question : 3

There is a profit of 20% on the cost price of an article. The % of profit, when calculated on selling price is

a) 33$1/3$%

b) 20%

c) 16$2/3$%

d) None of these

Question : 4

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 : 5

By selling an article, a man makes a profit of 25% of its selling price. His profit per cent is

a) 16$2/3$%

b) 25%

c) 20%

d) 33$1/3$%

Question : 6

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