If A’s income is 20% more than B’s and B earns Rs. 50,000, what percent less is B’s income than A’s?
Show answer & explanation
Correct answer: A
Explanation
Given:
B's income = 50,000
A's income = 20% more than B's
Formula:
Percentage decrease = (Difference / A) × 100
A = 50,000 × 120 / 100 = 60,000
Difference = 60,000 − 50,000 = 10,000
Percent decrease = (10,000 / 60,000) × 100 = 16.66%