Understanding Cost Price and Selling Price of Items

Q.

A shopkeeper bought some mangoes at a rate of $8$ mangoes for $Rs.5$ and then sold them at a rate of $Rs.9$ per dozen. Find his percentage of profit or loss.

1. $20\%$ profit

2. $20\%$ loss

3. $40\%$ profit

4. $40\%$ loss

Q.

For a situation of having neither profit nor loss, which of the following is correct?

1. C.P = 2 x S.P

2. C.P > S.P

3. S.P > C.P

4. C.P = S.P

Q. By selling a tape recorder for ₹6000, a loss of ₹1000 is suffered. Find its cost price. Also, find the price at which this tape recorder should be sold in order to gain 16% profit.

1. Selling Price = ₹8120
2. Selling Price = ₹7500
3. Cost Price = ₹7600
4. Cost Price = ₹7000

Q.

Amount paid to purchase an article is called.

1. Its C.P

2. Its S.P

3. Profit

4. Loss

Q.

An article is bought for $₹600$ and sold at a loss of $12.5\%$. Find its selling price.

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

1. SP = CP - Profit

2. SP = MP - Profit

3. CP = SP + Profit

4. SP = CP + Profit

Q. A shopkeeper buys 50 articles for ₹ 2000 and sells them at a profit of 20%. Find the selling price of one article.

1. ₹ 24
2. ₹ 54
3. ₹ 48
4. ₹ 84

Q.

Find the selling price of a toy which was purchased for $₹220$ and sold at a profit of $150\%$.

Q.

A shopkeeper buys 90 articles for ₹ 3600 and sells them at a profit of $20\%$. Find the selling price of one article.

1. ₹ 35

2. ₹ 16

3. ₹ 48

4. ₹ 45

Q. The cost price of $12$ pens is equal to selling price of $10$ pens. Find the profit percentage.

Q. The cost price of a pen is ₹20. The shopkeeper sold it to the customer making a profit of ₹5. What is the selling price of the pen?
(2 marks)

Q. Pramod bought $50$ bunches of methi greens for $₹200$. In a sudden downpour, $10$ of the bunches on his handcart got spoilt. He sold the rest at the rate of $₹5$ each. Did he make a profit or a loss? How much?
[2 Marks]

Q. In a transaction done by Amy, the Cost price = ₹12, 600 and Selling price = ₹13, 000. Choose the correct option which describes the result of the transaction based on the above data.

1. Amy earns a profit of ₹400
2. Amy earns a profit of ₹4000
3. Amy incurs a loss of of ₹400
4. Amy neither earns a profit nor incurs a loss

Q. Cost of goods sold is Rs$1,20,000$ Gross Loss : $1/4th$ on sales what is the amount of sales?

1. $Rs144000$
2. $Rs160000$
3. $Rs96000$
4. $Rs90000$

Q.

Which of these denotes the price at which a commodity is purchased?

1. Selling Price
2. Cost Price
3. Marked Price
4. Profit

Q.

Which of these denote the price that the manufacturer decides for the commodity?

1. Cost Price
2. Selling Price
3. Profit
4. Marked Price

Q. By selling an article for $Rs368$, a man loses $8\%$. At what price should it be sold to gain $10\%$ ?

Q.

A shopkeeper buys 80 similar articles for ₹2400 and sells them at a profit of 16%. Find the selling price of each article.

1. ₹29.8

2. ₹26.8

3. ₹24.8

4. ₹34.8

Q.

Which of these denote the price at which the seller sells the commodity?

1. Marked Price

2. Selling Price

3. Profit

4. Cost Price

Q.

A shopkeeper buys 80 articles for ₹ 2400 and sells them at a profit of 16%. Find the selling price of one article.

1. ₹ 29.8

2. ₹16.6

3. ₹ 34.8

4. ₹ 26.6

Q.

Which of these denote the price at which a commodity is sold?

1. Cost Price
2. Selling Price
3. Marked Price
4. Profit

Q. 5 kg of superior quality of sugar is mixed with 25 kg of inferior quality sugar. The price of superior quality and inferior quality sugar is Rs. 18 and Rs. 12 respectively. The average price per kg of the mixture is

1. Rs. 13
2. Rs. 15
3. Rs. 18
4. Rs. 21

Q.

Sohan bought a second-hand refrigerator for ₹ 2500 and spent ₹ 1500 on repairs. He then sold it for ₹ 3300. What is the gain or loss%?

1. 17.5% Loss

2. 10% gain

3. 22.5% loss

4. 10% loss

Q.

Which of these denote the price at which the seller sells the commodity?

1. Cost Price

2. Selling Price

3. Marked Price

4. Profit

Q.

A shopkeeper marks the price of a cold cream at ₹ 80. After allowing a discount of 10% he still gains 20% on the cost price. Find the cost price.

1. ₹ 65

2. ₹ 70

3. ₹ 60

4. ₹ 75

Q.

What should be the selling price of an article that costs ₹20 in order to make a profit of ₹4?

1. ₹22

2. ₹24

3. ₹28

4. ₹16

Q.

A sells a radio to B at a loss of 20%, B sells it to C at a loss of 30% and C sells it to D at a loss of 10%. If A pays ₹ 2000, then the Cost Price for D is :

1. ₹ 1500

2. ₹ 1008

3. ₹ 948

4. ₹ 1200

Q. $43,29,52,280$ $\square$ $43,29,25,280$

1. $>$
2. $<$
3. $=$
4. None of these

Q.

Sohan bought a second-hand refrigerator for ₹ 2500 and spent ₹ 1500 on repairs. He then sold it for ₹ 3300. What is the gain or loss%?

1. 10% loss

2. 10% gain

3. 17.5% Loss

4. 22.5% loss