Answer:
Only Katie is correct.
Explanation:
Suppose the amount is $50.
Find the 40% by Tom's method:
50 / 100 = 0.5
0.5 * 4 = $2
- which is 4% of 50.
By Katie's method
50 / 5 = 10
10 * 2 = $20
- which is 40% of 50.
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