A merchant fixed the selling price of his articles at Rs.700 after add – McqOptions

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1.	A merchant fixed the selling price of his 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.
A.	rs.450
B.	Rs.490
C.	Rs.500
D.	Rs.550
Answer» E.

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