A shopkeeper sold a laptop for Rs.38000 which he purchased for Rs.40000. Find the cost price and selling price.

C.P = 38000, S.P = 40000

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C.P = 40000, S.P = 38000

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Solution

The correct option is B C.P = 40000, S.P = 38000
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 = Rs. 40,000
SP = Rs. 38,000

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