Venus marked an article at 60% above its cost price. She sold it at a profit of 20%. Find the discount percentage offered on the article.

40% 15% 25% 75%

25%

Let the cost price of the article = 100 Markup = 60% Then the marked price = 160% of 100 = 160 Final profit earned = 20% Selling price = 120 Discount % = (160 - 120) × \(\frac{100}{160}\)  = 25%