Answer: Let the purchase price of each dual cassette recorder be $x$ yuan. According to the problem, we have: $x - 5\% \times x = 380$
Solving for $x$, we get $x = 400$
Next, let's assume we need to sell it for $y$ yuan each to make an 8% profit. According to the problem, we have:
$400 + 400 \times 8\% = x$
Solving for $x$, we get $x = 432$.
Therefore, to make an 8% profit, each should be sold for 432 yuan.
Hence, the correct choice is $\boxed{\text{B}}$.