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# PS: Percentage

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Director
Joined: 01 Apr 2008
Posts: 827
Name: Ronak Amin
Schools: IIM Lucknow (IPMX) - Class of 2014
PS: Percentage [#permalink]

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23 Mar 2009, 03:19
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

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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?
A. 8%
B. 15%
C. 45%
D. 52%
E. 56%

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Manager
Joined: 27 Feb 2009
Posts: 57
Re: PS: Percentage [#permalink]

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23 Mar 2009, 09:55
3/20-(x/100)(3/20) = 1/12

solving 44.44%

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Re: PS: Percentage   [#permalink] 23 Mar 2009, 09:55
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# PS: Percentage

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