It usually applies to prices and it means that you pay 60% less. That is, you pay 40% or 0.4 times the original price.
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60 percent off 29.50 is 11.80
60% off 160 is 0.6 x 160 = 96 which mean the discount is 96 and the cost is 160-96 = 64
60% off 140 dollars is 84 dollars.
20 percent of 75 is 15 20 percent off of 75 would be 60 If an item cost $75 and was marked at 20% off, then the price would be $60
42