A shopkeeper labeled the price of his articles so as to earn a profit of 40% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual percent profit earned in the deal? Choose the most appropriate option: A) 26% B) 20% C) 17% D) 18% E) None of these
Explanation:   Let the CP of the article = Rs.100.   Then labeled price = Rs.140.   SP = Rs.140- 10% of 140 = Rs.140-14 = Rs.126.   Gain = Rs.126 â€“ Rs.100 = Rs.26   Therefore, gain/profit percent = 26%.   26%nswer: Option 26%
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A shopkeeper labeled the price of his articles so as to earn a profit of 40% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual percent profit earned in the deal?