Malus's law says that the intensity of polarized light (I) that passes through an ideal polarizing filter at angle, θ, to the plane of polarization is calculated as I = I0cos2(θ) In this case cos(60) = 1/2 , so I = 1/4 I0,'
You want to be careful in with these problems that the initial light wasn't put through a polarizing filter in order to make it polarized. Light through an ideal filter cuts the intensity in half. In this problem, the light is given as polarized, so I would go for 1:4 (It would be 1:8 if two polarizers are used)
Please consider a tutor. Take care.