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

Question : 1

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 : 2

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 : 3

If there is a profit of 20% on the cost price of an article, the per centage of profit calculated on its selling price will be

a) 8$1/3$

b) 16$2/3$

c) 24

d) 20

Question : 4

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 : 5

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 : 6

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$1/3$%