Marked price of an article is 140 percent more than the value of discount. Selling price is what percent of the marked price?
Show answer & explanation
Correct answer: B
Explanation
Given:
Marked price is 140% more than the discount.
By the formula:
Marked price = Discount + 140% discount
Selling price = Marked price − Discount
Let's say discount = 100
Marked price = 100 + 140 = 240
Selling price = 240 − 100 = 140
Selling price / Marked price × 100
= 140 / 240 × 100
= 7/12 × 100
= 58.33%