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

Question : 1

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 : 2

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 : 3

While selling to the retailer, a company allows 30% discount on the marked price of their products. If the retailer sells those products at marked price, his profit % will be :

a) 40%

b) 42$1/7$%

c) 30%

d) 42$6/7$%

Question : 4

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 : 5

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 : 6

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