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A merchant fixed the selling price of this articles at Rs.700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 10% profit. Find the new selling price.

Correct Answer: Rs.550

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Psychology MCQ: A merchant fixed the selling price of this articles at Rs.700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 10% profit. Find the new selling price. | Extra Education