Question

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

• A. C.P = ₹38,000, S.P = ₹40,000
• B. C.P = ₹40,000, S.P = ₹38,000
• C. C.P = ₹30,000, S.P = ₹29,000
• D. C.P = ₹10,000, S.P = ₹13,000

Answer 1

The correct option is B

C.P = ₹40,000, S.P = ₹38,000

Cost price is the price at which an item is bought or purchased.
Selling price is the price at which an item is sold.

Hence, CP = ₹40,000 and SP = ₹38,000.