venue marked an article 60% above its cost price, he sells it by gaining 20%. find the discount % offered on the article.
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cp =x
mp=160x/100
sp=120x/100
discount =160x/100-120x/100=40x/100
discount%=40%
mp=160x/100
sp=120x/100
discount =160x/100-120x/100=40x/100
discount%=40%
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