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A pharmaceutical company received $3 million in royalties on [#permalink]
20 Aug 2006, 20:18
100% (03:17) correct
0% (00:00) wrong based on 1 sessions
A pharmaceutical company received $3 million in royalties on the first $20 million in
sales of the generic equivalent of one of its products and then $9 million in royalties on
the next $108 million in sales. By approximately what percent did the ratio of royalties
to sales decrease from the first $20 million in sales to the next $108 million in sales?