UPDATE 1-China says will set prices for after-school tutoring

(Adds details from document) SHANGHAI, Sept 6 (Reuters) – China will set price ranges for after-school tutoring classes and will probe institutions’ costs like teacher salaries, the state planner said on Monday, after the country barred for-profit tutoring in any school subject earlier this year. Local authorities will set benchmark fee standards and floating ranges that will take into account factors such as local economic conditions and family affordability, the National Development and Reform Commission (NDRC) said in a statement. The new rules announced in July are aimed at easing pressure on 6- to 15-year-olds in compulsory education as well…