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?	Choices
A) 20 %  B) 25 %  C) 30 %  D) 35 %  E) 40 %

Rationale: "let p be the original price of the goods and let x be the rate after the markup . ( 1.6 p ) * x = 1.2 p x = 1.2 / 1.6 = 0.75 which is a discount of 25 % . the answer is b ."
Answer: B