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Add an item to the cart with a custom price in magento

This functionality not available by default in Magento. I have used the below solution.
You can call this event checkout_cart_product_add_after in the observer.

File Path app/code/local/{namespace}/{yourmodule}/etc/config.xml

And then create an Observer class in this file app/code/local/{namespace}/{yourmodule}/Model/Observer.php


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