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

Question : 1

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 : 2

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 : 3

On selling an article for Rs.651, there is a loss of 7%. The cost price of that article is

a) Rs.793

b) Rs.751

c) Rs.744

d) Rs.700

Question : 4

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 : 5

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 : 6

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$1/3$%