Question

A shopkeeper sold a laptop for $\text{Rs.}38000$ which he purchased for $\text{Rs.}40000.$ Find the cost price and selling price for the shopkeeper.

• A. C.P = 38000, S.P = 40000
• B. C.P = 40000, S.P = 38000
• C. $C.P.=\text{Rs.}40000,S.P.=\text{Rs.}40000$
• D. $C.P.=\text{Rs.}38000,S.P.=\text{Rs.}38000$

Answer 1

The correct option is B C.P = 40000, S.P = 38000

Cost Price is the price at which the commodity is purchased.

$\Rightarrow$ Cost Price $=$ purchased price of laptop $=\text{Rs.}40000,$

And Selling Price is the price at which the commodity is sold.
$\Rightarrow$ Selling Price $=$ Sold price of laptop $=\text{Rs.}38000$