Rajesh purchased a bike for ₹50,000 and sold it for ₹35,000. Find the cost price and selling price for Rajesh.

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Solution

Cost price is the price. which an item costed the concerned party. Selling price is the price at which an item is sold by the party.

Hence for Rajesh, CP = ₹50,000 and SP = ₹35,000.

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