Marked price of an article is 140 percent of the value of discount. Marked price is what percent of the selling price?
Show answer & explanation
Correct answer: A
Explanation
Given:
Marked Price (MP) = 140% discount
By the formula:
Discount = MP − SP
Let's say discount = 100
MP = 140
SP = MP − discount
SP = 140 − 100 = 40
Percentage of MP over SP = (MP ÷ SP) × 100
= (140 ÷ 40) × 100 = 350%