Problem: 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 ?
Rationale: "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 % . answer : option a"
annotated_formula: subtract(subtract(add(const_100, 40), multiply(add(const_100, 40), divide(10, const_100))), const_100)