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Answer:
No, It is not equal to a 60% discount.
Step-by-step explanation:
Think of this. I go into a store and everything is 50% off and I have a coupon myself that is a 50% off discount for a specific item. It may seem like the item is now free, but it isn't. Imagine the item was $1 before any discount. Then the store took 50% off of the $1, leaving it at $0.50. So now with my discount of 50% off the item I will be taking this 50% off of $0.50 = my final discounted cost of $0.25.
Hope I helped you understand :)