Question

Peter earned 40% more money than Albert. Albert earned 20% less than Michael. Petre earned more than michael by

Select one:
a. 25%
b. 20%
c. 12%
d. 10%

Answer 1

Let's assume Michael earned $100.

Albert earned 20% less than Michael, which is $80.

Peter earned 40% more than Albert, which is $80 + 0.4($80) = $112.

So, Peter earned $112 - $100 = $12 more than Michael.

Therefore, the percentage that Peter earned more than Michael is (12/100) x 100% = 12%.

The answer is c. 12%.