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PS: Percentage

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Director
Director
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Joined: 01 Apr 2008
Posts: 872

Kudos [?]: 869 [0], given: 18

Name: Ronak Amin
Schools: IIM Lucknow (IPMX) - Class of 2014
PS: Percentage [#permalink]

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New post 23 Mar 2009, 02:19
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A
B
C
D
E

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This topic is locked. If you want to discuss this question please re-post it in the respective forum.

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%

Kudos [?]: 869 [0], given: 18

Manager
Manager
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Joined: 27 Feb 2009
Posts: 59

Kudos [?]: 32 [0], given: 0

Re: PS: Percentage [#permalink]

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New post 23 Mar 2009, 08:55
3/20-(x/100)(3/20) = 1/12

solving 44.44%

Kudos [?]: 32 [0], given: 0

Re: PS: Percentage   [#permalink] 23 Mar 2009, 08:55
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