Question : The salary of Mohit is 60 percent more than Vijay's. Salary of Vijay is how much percent less than Mohit?
Option 1: 42.5%
Option 2: 47.5%
Option 3: 45%
Option 4: 37.5%
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Correct Answer: 37.5%
Solution :
Given: The salary of Mohit is 60 percent more than Vijay's.
$\text{Percentage}=\frac{\text{Difference}}{\text{The larger value}}\times 100$
Let the Vijay's salary be INR 100.
Mohit's salary = 100 + 60% of 100 = 100 + 60 = INR 160
The salary of Vijay and less than Mohit's,
⇒ $\frac{160–100}{160}\times 100=\frac{60}{160}\times 100=37.5$%
Hence, the correct answer is 37.5%.
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