Mary's income is 60 percent more than Tim's income, and Tim's income is 40 percent less than Juan's income.What percent of Juan's income is Mary's income?
A
124%
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B
120%
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C
96%
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D
80%
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E
64%
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Solution
The correct option is C96% Let M be Mary's income, T be Tim's income and J be Juan's income respectively.
Mary's income is 60% more than Tim's.
So, M=T+0.60T=1.60T
Since Tim's income is 40 percent less than Juan's income,
Tim's income equals to 100−40=60 percent of Juan's income or T=0.6J.
Substituting 0.6J for T in the first equation, we get
M=1.6(0.6J) or M=0.96J Thus, Mary's income is 96% of Juan's income.