A shopkeeper fixes the marked price of an item 40% above its cost price. The percentage of discount allowed to gain 8% is
Choose the correct choice:
A) 23.85 %	B) 22.85 %	C) 21.85 %	D) 20.85 %	E) none of these

Rationale: "explanation : let the cost price = rs 100 then , marked price = rs 140 required gain = 8 % , so selling price = rs 108 discount = 140 - 108 = 32 discount % = ( 32 / 140 ) * 100 = 22.85 % option b"
Answer: B