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

Question : 1

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 : 2

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 : 3

A man bought an old typewriter for Rs.1200 and spent Rs.200 on its repair. He sold it for Rs.1680. His profit per cent is :

a) 8%

b) 10%

c) 20%

d) 16%

Question : 4

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 : 5

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 : 6

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