Answer:
60% discount is the better buy
Explanation
Step one
Original price =$40
Let us compute the various discounts and compare the prices
For 60%
=60/100*40
=0.6*40
=$24
New price = 40-24= $16
For 35%
=35/100*40
=0.35*40
=$14
New price = 40-14= $26