How is the price defined for a product and what methods are available for changing product price using Magento Admin functionality?

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How is the price defined for a product and what methods are available for changing product price using Magento Admin functionality?

 

    1. Price is maintained within the individual product within the Manage Products section.
    2. You can change the normal price, special price, tier pricing, group pricing, catalog price rules, shopping cart price rules, CSV import (sku/price)
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