Q. 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 550
  • (D) Rs 640
βœ… Correct Answer: (C) Rs 550

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