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

A merchant fixed the selling price of his articles at 700 after addi

1.	A merchant fixed the selling price of his articles at 700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix at the selling price at 10% profit. Find the new selling price
A.	450
B.	490
C.	500
D.	550
Answer» E.

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

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