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

Question : 1

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 : 2

If a shirt costs Rs.64 after 20% discount is allowed, what was its original price in Rs.?

a) 88

b) 80

c) 76.80

d) 86.80

Question : 3

A fan is listed at Rs.150 and a discount of 20% is given. Then the selling price is

a) Rs.120

b) Rs.150

c) Rs.180

d) Rs.110

Question : 4

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 : 5

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 : 6

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