A shop reduced its prices by 10%. What is the new price of an item which was previously sold for ₹500?
A.₹510
B.₹550
C.₹450✓ Correct
D.₹400
Explanation
A 10% reduction on ₹500 means the price decreases by ₹500 × 10/100 = ₹50. The new price is ₹500 - ₹50 = ₹450. This is a basic percentage decrease problem.
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