A merchant marks goods up by 60% and then offers a discount on the marked price. The profit that the merchant makes after offering the discount is 20%. What % discount did the merchant offer?	Choose the correct choice from the following choices
A) 20%
B) 25%
C) 30%
D) 35%
E) 40%
Let P be the original price of the goods and let x be the rate after the markup.   (1.6P)*x = 1.2P   x = 1.2/1.6= 
<gadget id="calculator">1.2/1.6</gadget>
<output>0.75</output>
0.75 which is a discount of 25%.   The answer is 25%.
<result>B</result>
A merchant marks goods up by 60% and then offers a discount on the marked price. The profit that the merchant makes after offering the discount is 20%. What % discount did the merchant offer?