A shopkeeper fixes the marked price of an item 40% above its cost price. The percentage of discount allowed to gain 8% is
Choices.
A) 23.85%	B) 22.85%	C) 21.85%	D) 20.85%	E) None of these
Explanation:   Let the cost price = Rs 100   then, Marked price = Rs 140   Required gain = 8%,   So Selling price = Rs 108   Discount = 140 - 108= 
<gadget id="calculator">140 - 108</gadget>
<output>32</output>
32   Discount%= (32/140)*100 = 22.85%   Option 22.85%
<result>B</result>
A shopkeeper fixes the marked price of an item 40% above its cost price. The percentage of discount allowed to gain 8% is