To find the selling price, we first calculate the discount amount and then subtract it from the marked price.
The discount amount is calculated as a percentage of the marked price.
Discount Amount = Discount Percentage × Marked Price
Discount Amount = $10\% \times ₹400 = \frac{10}{100} \times ₹400 = ₹40$
The selling price is the marked price minus the discount amount.
Selling Price (SP) = Marked Price - Discount Amount
SP = $₹400 - ₹40 = ₹360$
Therefore, the selling price is ₹360.
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