Cost Price & Selling Price

Q.

A lady buys goods worth $Rs200(0profit)$. The lady gives him a$1000Rs$ note. The shopkeeper gets the change from the next shop and keeps $200$ for himself and returns $Rs800$to the lady. Later the shopkeeper of the next shop comes with the note saying duplicate and takes his money back. How much loss did the shopkeeper face?

1. 200

2. 800

3. 1200

4. 1800

5. 2000

6. 1600

Q.

A Refrigerator was bought for Rs.16890 and sold at a loss of Rs. 4620. Find the selling price.

1. Rs. 12270
2. Rs. 21510
3. Rs. 16890
4. Rs. 4620

Q.

Give the journal for Goods destroyed by fire Rs 500.

Q.

Find the selling price of an article which was bought at $₹750$ and sold at a profit of $18\%$.

Q.

Which of these denotes the price at which a commodity or an item is sold?

1. Cost Price

2. Selling Price

3. Marked Price

4. Profit

Q.

Which of these denotes the price at which an item is bought ?

1. Cost Price

2. Selling Price

3. Marked Price

4. Profit

Q.

Which is the correct formula to find out Cost Price (C.P)?

1. C.P = S.P - Loss
2. C.P = S.P + Loss

Q.

Find the profit made or loss incurred in a transaction where the cost price is ₹1200 and the selling price is ₹1600.

1. A loss of ₹400

2. A gain of ₹400

3. A gain of ₹300

4. A loss of ₹300

Q.

Find the cost price, if : $\mathrm{S}.\mathrm{P}.$ is $₹200$ and loss is $₹50$.

Q.

A refrigerator was bought for ₹16, 890 and sold at a loss of ₹4, 620. Find the selling price of the refrigerator.

1. ₹4, 620

2. ₹12, 270

3. ₹21, 510

4. ₹16, 890

Q.

If Ravi had bought a car for Rs.3, 00, 000 and sold it to his friend for Rs. 2, 80, 000, does he get a profit or a loss?

1. Loss
2. Profit

Q.

A second hand bike was sold at ₹66000, at a loss of ₹5000. What is the cost price of the bike?

1. ₹70000

2. ₹69000

3. ₹71000

4. ₹72000

Q. If a shopkeeper gains a profit on the purchase of an item, then which of the following statement holds true?

(CP = Cost Price, SP = Selling Price, MP = Marked Price)

1. CP > SP

2. SP > CP

3. CP = SP

4. MP = CP

Q.

Amir bought a piano for Rs.60, 000 and sold it for Rs.72000. Find the amount of profit he got from the deal.

1. Rs. 22000
2. Rs. 12000
3. Rs. 20000
4. Rs. 2000

Q.

A shopkeeper sold a laptop for ₹ 38, 000 which he purchased for ₹ 40, 000. Find the cost price and selling price.

1. C.P = ₹ 38, 000, S.P = ₹ 40, 000

2. C.P = ₹ 40, 000, S.P = ₹ 38, 000

3. C.P = ₹ 30, 000, S.P = ₹ 29, 000

4. C.P = ₹ 10, 000, S.P = ₹ 13, 000

Q.

Reshma bought a pair of boots on her birthday for ₹2599 without any discount. What is the cost price?

1. 2500
2. 2599
3. 0
4. Data insufficient

Q.

A shopkeeper bought some pens from a wholesaler for ₹ 1890 and sold them for ₹2000. Find the selling price.

1. 1990
2. 100
3. 1890
4. 2000

Q. Look at the yellow price list and the blue shopping list.
How much will we have to pay to buy each of the item in the shopping list?

Q. Dev sold a carpet for ₹5460 with a profit of ₹238. The cost price of the carpet was

1. ₹5222
2. ₹5698
3. ₹5128

Q. A man bought a watch for ₹ 18, 750 and sold it at a loss of ₹ 1, 560, then the selling price of the watch is?

1. 17190

Q.

A second hand bike was sold for ₹52, 000, at a loss of ₹4, 800. Find the cost price of the bike.

1. ₹56, 800

2. ₹52, 000

3. ₹4, 800

4. ₹47, 200

Q.

Which formula holds true for calculating Selling price(S.P)

1. S.P = C.P + Profit
2. S.P = C.P - Profit

Q.

If CP = ₹ 400 and loss = ₹ 40, then the SP and Loss percentage are ___.

1. SP = Rs. 360, $Loss\%=10\%$

2. SP = Rs. 360, $Loss\%=15\%$

3. SP = Rs. 440, $Loss\%=10\%$

4. SP = Rs. 440, $Loss\%=15\%$

Q.

A second hand bike was sold at ₹66000, at a loss of ₹5000. What is the cost price of the bike?

1. ₹70000

2. ₹69000

3. ₹71000

4. ₹72000

Q.

Which of the following is the correct formula for calculating profit percent?

1. 
2. 

Q.

Reshma bought a pair of boots on her birthday for Rs.2599 without any discount. What is the cost price?

1. 2500
2. 2599
3. 0
4. Data insufficient

Q.

Which of the following is true for a transaction where profit is made?

1. SP = CP + Profit

2. SP = CP - Profit

3. SP = MP - Profit

4. CP = SP + Profit

Q.

Which of the following relation is true with respect to Cost Price (C.P)?

1. C.P = S.P + Loss

2. C.P = M.P + Loss

3. C.P = Profit + Loss

4. C.P = S.P - Loss

Q.

If the cost price and the selling price in a transaction are ₹ 2, 349 and ₹ 2, 539 respectively, then which of the following is true?

1. Loss of ₹ 190

2. Profit of ₹ 190

3. Loss of ₹ 290

4. Profit of ₹ 290